TAIPEI, July 29 Taiwan's central bank said on
Tuesday it will auction T$20 billion ($666 million) in two-year
negotiable certificate of deposits (NCD), more than doubled the
original amount, to "meet asset allocation needs from financial
The auction amount on Aug. 8 will double from T$10 billion
planned earlier, while the 364-day NCD remains as T$120 billion,
the central bank said in a statement, without elaborating.
Some analysts see the move as paving the way for the central
bank to raise interest rates.
NCDs are bought most often by large institutional investors,
who often use them as a way to invest in a low-risk,
(Reporting by Jeanny Kao; Writing by Faith Hung; Editing by