(Bloomberg) -- Taiwan's dollar may climb after the
central bank yesterday raised its benchmark interest rate by 25
basis points, twice as much as expected, said Royal Bank of
Scotland Plc and ABN Amro Bank NV.
The increase in the discount rate on 10-day loans to 3.125
percent may deter speculators from borrowing and selling the
currency to invest in higher-yielding assets in so-called carry
trades. Ten of 11 economists surveyed by Bloomberg News expected
an increase of only an eighth of a point.
Read more at Bloomberg Currencies News
central bank yesterday raised its benchmark interest rate by 25
basis points, twice as much as expected, said Royal Bank of
Scotland Plc and ABN Amro Bank NV.
The increase in the discount rate on 10-day loans to 3.125
percent may deter speculators from borrowing and selling the
currency to invest in higher-yielding assets in so-called carry
trades. Ten of 11 economists surveyed by Bloomberg News expected
an increase of only an eighth of a point.
Read more at Bloomberg Currencies News
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