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Wu chung shuTaiwan chung hua institution for economic researchChina society of economic reformChina societyEconomic reformChung hua institutionEconomic research

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Wu chung shuChina society of economic reformTaiwan chung hua institution for economic researchChina societyEconomic reformChung hua institutionEconomic research

Academia Sinica calls for central bank policy shift

Academia Sinica yesterday called on the central bank to adjust its longstanding policy of keeping interest rates low and local currency exchange rates weak, which has contributed to national economic stagnation and excessive liquidity. The Taipei-based research body made the appeal at a news conference after releasing recommendations on how the monetary policymaker can enhance stabilization of Taiwan’s currency market and banking institutions. “Taiwan’s economic and financial development shows stagnation and suggests significant need for reform,” the report said. The central bank in the past year has met its goal of stabilizing the local currency and financial system, but has ignored enhancing liquidity

T ai peiNational chengchi universityLee wen chiehWang shinn shyrWang pingHuang tzu hsunWu chung shuAcademia sinica institute of economicsTaiwan institute of economic researchTaipei timesNational chengchi university department of economicsAcademia sinicaCrystal hsuNational chengchi university departmentTaiwan instituteEconomic research

Firms hopeful for second half: CIER

The nation’s manufacturers and service providers expect business to improve in the second half of this year after reporting lackluster sales and profits in the first half due to the COVID-19 pandemic and global inflation, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Taipei-based institute said that 57.1 percent of manufacturers expect business to improve, while the rate was 58.7 percent for non-manufacturing companies. The results of the twice-yearly survey came after the official manufacturing purchasing managers’ index disappointed by shedding 13.9 points for the past six months to 46.7, slipping into contraction territory, it said. The profitability measure

T ai peiChang chuangWu chung shuTaiwan academy of bankingChung hua institution for economic researchCrystal hsuChung hua institutionEconomic researchHua institutionThe taipei times

Cabinet monitoring inflation but insists economy remains strong

Taipei, July 7 (CNA) Taiwan's Cabinet said Thursday that it was closely monitoring the cost of goods but insisted the country's economic fundamentals remain strong, one day after the government reported that inflation had hit a 14-year high.

T ai peiMatthew mazzettaWu chung shuTseng chih yiWang cheng chungFinancial supervisory commissionTaiwan academy of bankingMinistry of economic affairsEconomic affairsPresident tsai ing wenTaiwan academyChairman wu chung shuCheng hung ta