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Taiwan Cuts Interest Rates to Record Low of 1.25%
Topics:Asia | Economy (Global) | Interest Rates | Taiwan | Corporate News
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Taiwan's central bank on Wednesday lowered its main policy rate by 25 basis points to a record low of 1.25 percent at an unscheduled meeting, after the government announced GDP fell at a record pace in the fourth quarter.
The rate cut is the central bank's seventh straight cut since late September and will take effect on Thursday.
Copyright 2009 Reuters. Click for restrictions.
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