Reported about 1 year ago
During a general questioning session at the Legislative Yuan on July 2, 2024, Central Bank Governor Yang Chin-lung responded to concerns raised by legislator Lin Te-fu regarding the Consumer Price Index (CPI) exceeding 2% for three consecutive years, stating that for Taiwan as a small open economy, a 2% inflation rate is acceptable due to its flexibility. The government is focusing on stabilizing prices, aiming for a 2.07% inflation rate this year by improving calculation processes.
Source: YAHOO