On the 23rd, the central bank's board of directors and supervisors decided to raise the interest rate by half a yard, and the interest rate increased by 5 liters.

Central Bank Governor Yang Jinlong (middle) explained at a press conference in the afternoon.

(Central News Agency)

[Reporter Chen Meiying/Taipei Report] In order to curb inflation expectations, the central bank directors unanimously agreed yesterday to raise interest rates by half a yard (0.125 percentage points), and the policy rate was raised to one.

875%, a record high in eight years. Since March last year, it has risen five times in a row, and the cumulative interest rate has been raised by three yards; the central bank has also lowered this year's economic growth rate to 2 for the second time.

21%, although compared with the predicted value in December last year.

45% down revision, but "guaranteed two" no problem.

Yang Jinlong, governor of the central bank, said that the main consideration for raising interest rates this time is inflation, because the recent increase in the cost of eating out and rising electricity prices will also have an impact on the CPI (Consumer Price Index). The development is unfavorable; the central bank has revised the CPI annual growth rate to two this year.

○ Nine percent.

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He emphasized that the central bank is still adopting moderate and gradual tightening, which is different from the "cold turkey" (cold turkey) strategy of actively tightening currencies in Europe and the United States to combat high inflation. This will make it easier for financial institutions to adjust their assets and liabilities, and the impact will be smaller. Unable to interpret "Falconry".

Will there be another rate hike in June?

Yang Jinlong hinted that he is as dovish as Fed Chairman Jerome Powell; it is expected that this may be the last time the central bank raises interest rates in this cycle.

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