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-Central Bank of Republic of China to retain discount rate according to economists.

Global Banking News-March 14, 2013--Central Bank of Republic of China to retain discount rate according to economists(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 14 March 2013

According to economists, the Central bank of the Republic of China (Taiwan) is likely to retain the 1.875 percent current discount rate.

The forecast is based on the lack of change in consumption levels. The economists that are predicting the figures are from private banks including Barclays bank (LON: BARC), Australia and New Zealand Bank (ASX: ANZ) and Standard Chartered Bank (LON: STAN).

The discount rate refers to the interest rate charged to banks to borrow short-term funds directly from the central bank.

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Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Mar 14, 2013
Words:136
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