TAIPEI : Controlling inflation is not only about interest rate rises and all government departments regularly discuss what other policies to take, Taiwan Economy Minister Wang Mei-hua said on Tuesday, with the pace of price increases at a near 10-year high.
Taiwan's consumer price index was 3.39 per cent higher in May than a year earlier. That inflation rate was the highest since August 2012 and exceeded the central bank's 2 per cent target for the 10th consecutive month.Speaking on local radio, Wang said curbing inflation should not only be dealt with by raising the policy interest rate, and ministries often discuss related policies and propose possible solutions.
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