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Academia Sinica yesterday called on the central bank to adjust its longstanding policy of keeping interest rates low and local currency exchange rates weak, which has contributed to national economic stagnation and excessive liquidity. The Taipei-based research body made the appeal at a news conference after releasing recommendations on how the monetary policymaker can enhance stabilization of Taiwan’s currency market and banking institutions. “Taiwan’s economic and financial development shows stagnation and suggests significant need for reform,” the report said. The central bank in th...

Li Yi-ting (李怡庭), an academician at Academia Sinica, the nation’s top research institute, on Friday urged the central bank to disclose the value of its market interventions in a bid to facilitate accurate research. Li, a newly elected academician and central bank board member, said the bank’s lack of disclosure of market intervention records makes it difficult for researchers to study such actions using precise historical data. She made the comments at a news conference after a closed-door forum on monetary and financial reform in Taiwan held by Academia Sinica’s Institute of Econo...