Taiwan Cuts Rate for Third Straight Meeting as Exports SlumpJustina Lee and Chinmei Sung
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.
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