Taiwan’s consumer inflation cooled significantly in August, taking some of the pressure off the central bank as it tries to balance raising interest rates against the need to support the economy.
The consumer price index rose 2.66% from a year earlier, according to Taiwan’s Directorate General of Budget, Accounting & Statistics on Tuesday. That was slower than July’s increase of 3.36%. Economists had expected consumer inflation to moderate somewhat to 3.14%.
Taiwan Inflation Rate Cools as Slowing Economy Seeks Reprieve - Bloomberg
Read More
No comments:
Post a Comment