TAIPEI, March 20 (Reuters) - The current wave of
inflation in Taiwan is not a short-term phenomenon and has
fanned expectations for continued high inflation rates, the
deputy central bank governor said on Monday.
"We have seen the consumer price index exceed 2% for nine
consecutive months. This wave of inflation is not a short-term
phenomenon," Yen Tzung-ta told lawmakers during a parliamentary
session.
Economists widely expect the central bank to keep its policy
interest rate unchanged this week, as the island's economy slows
while global banking woes roil financial markets.
(Reporting by Faith Hung; Editing by Christopher Cushing)
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