Wang Lee-rong (王儷容), director of the Chung-Hua Institution for Economic Research’s (中華經濟研究院) economic forecast center, also cast doubt on the wisdom of further cutting rates as the central bank had already lowered rates by 212.5 basis points in four months.
“The rate cut policy didn’t seem to help a lot,” she said.<…more>
By Joyce Huang
STAFF REPORTER
Friday, Jan 09, 2009, Page 12
