However, the central bank’s job is more complicated than exporters imagine. Depreciation of the NT dollar would drive up consumer prices, especially fuel prices and the prices of everyday necessities, as Taiwan imports many commodities from energy to wheat, sugar and milk powder. Besides, one of the central bank’s most important tasks is to keep financial markets stable. It is good to see the central bank did not succumb to pressure from local exporters by sacrificing the interests of the public.
Wed, Oct 30, 2013 - Page 8 News List
This story has been viewed 1764 times.
Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.
Listing from 2016-08-20 to 2016-08-27
- Most read
- Most e-mailed
1US fine prompts FSC to warn banks over controls
3Cybergirls or selfie obsessed?
4KMT leaders say assets have been returned
5FSC commission to probe Mega Bank