Taiwan central bank holds interest rates at 1.875pc

TAIPEI: Taiwan's central bank left its policy rate steady at 1.875 percent for the 11th quarter on Thursday, as expected.

Economists polled by Reuters had predicted the bank would hold rates given a modest inflation outlook and recent subdued growth in exports.

The central bank said price pressures were tame and current monetary policy is adequately loose.

Taiwan's exports in the first two months of 2014 rose just a sliver from a year earlier, indicating that global demand for the island's high-tech products remains tepid.