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
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