Two Taiwan CBC Members Originally Supported Rate Hike in June

Two board members said Taiwan should raise interest rates in June but accepted the central bank’s decision to raise RRR instead, according to minutes of the monetary authority’s June 13 policy meeting released Friday.

• One board member supported keeping interest rates unchanged because there was no obvious spread of inflation
• Authorities need to take consumption, investment and interest rates into consideration while raising reserve ratio, according to a board member
• Difficult for the central bank to solve housing supply and demand issues by its sole efforts: board member
• Inflation forecasts highly uncertain: board member
• NOTE: In June, Taiwan Raises RRR ...