TAIPEI Taiwan's central bank unexpectedly left its policy rate unchanged on Thursday but further reduced its growth forecast for 2020, as the coronavirus pandemic threatens to deal a further blow to the trade-reliant economy.
TAIPEI Taiwan's exports in May fell for a third straight month but at a slower pace than expected, with the government "cautious" about the outlook due to the impact of the coronavirus pandemic on global demand and U.S.-China frictions.
* Will consider global c.bank actions, Taiwan's virus
TAIPEI The U.S. Treasury's latest semi-annual report on trade practices of its major trading partners which was due this month has been delayed due to the coronavirus pandemic, two sources with direct knowledge at Taiwan's central bank told Reuters.
TAIPEI There is room for more interest rate cuts in Taiwan, but they will not be reduced to zero or into negative territory, and the government will offer more funds for small- and medium-sized companies if needed, its central bank said on Monday.
TAIPEI, March 20 Taiwan's export orders in
February fell for a second month but at a far slower pace, with
the government warning the coronavirus outbreak could hit demand
for the island's exports pivotal to the global technology supply
* C.bank to offer $6.6 billion for banks to support SMEs
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TAIPEI Taiwan President Tsai Ing-wen said on Friday that market fundamentals were sound and there was no need for "excessive panic", after the island's bourse at one point plunged more than 7% amid global alarm over the coronavirus pandemic.
* State-backed banks buy stocks at government request -
TAIPEI Another $1.33 billion is available to stimulate Taiwan's economy on top of a previous $2 billion package, President Tsai Ing-wen said on Thursday, after the central bank warned the coronavirus epidemic will have a longer impact than previously thought.