Taiwan Cuts Rate for Third Straight Meeting as Exports Slump

Updated on
  • Perng says rates unlikely at zero or negative in his term
  • Economy shrank in past two quarters amid China's slowdown

Taiwan cut its benchmark rate for a third consecutive quarter as an export slump showed no signs of recovering and has begun weighing on the labor market, while Governor Perng Fai-nan said he doesn’t expect to take the rate to zero or even negative during his term.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.