TAIPEI (Reuters) - Taiwan's central bank will intervene in the foreign exchange market if there are
"extreme" fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday.
Taking lawmakers' questions in parliament, Yang said the central bank will intervene in the forex market as needed if there are"extreme" fluctuations, as they seek to slow the Taiwan dollar's depreciation.The U.S. Treasury Department in June kept Taiwan on a monitoring list for close attention to foreign exchange and economic policies.
The central bank this week said it sold a net $880 million to intervene in the forex market in the first half of this year, stepping in to maintain smooth market operations as the island contends with soft economic growth.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
In election year, Taiwan's national day becomes polarising celebrationTAIPEI (Reuters) - Former Taiwan President Ma Ying-jeou said on Monday he would boycott official celebrations for the island's national day this year ...
Lire la suite »
In election year, Taiwan's national day becomes polarising celebrationTAIPEI (Reuters) - Former Taiwan President Ma Ying-jeou said on Monday he would boycott official celebrations for the island's national day this year ...
Lire la suite »
Flights cancelled as typhoon Koinu grinds towards TaiwanTAIPEI (Reuters) - Typhoon Koinu grinded towards southern Taiwan on Wednesday bringing heavy rain and winds and causing the cancellation of 70 domestic ...
Lire la suite »
Taiwan investigating accusation submarine program details leakedTAIPEI (Reuters) - Taiwan prosecutors said on Monday they are investigating accusations that people tried to interfere in the island's submarine ...
Lire la suite »
Sri Lanka likely to resume rate cuts Thursday to spur growth- Reuters pollBy Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a ...
Lire la suite »