Polish and Taiwanese Central Bank Rates Left Steady

December 24, 2009

The Narodowy Bank retained a 3.5% reference interest rate as expected.  Officials expect consumer price inflation to hover near the 2.5% target even though the latest prints of 3.3% on the total CPI and 2.8% on core lie above such.  A new discount rate facility2 on bills of exchange is being introduced at the start of next month.

Taiwan’s central bank rate of 1.25% will remain at a record low where such has been for the past ten months.  This decision too was as expected.  The rate was reduced from 3.625% between September 2008 and February 2009.  Consumer prices fell 1.6% between November 2008 and a year later.


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