Taiwan's central bank chief faces currency test in final year
Currency volatility and fears of rising global protectionism have cast uncertainty over the outlook for the economy
Taipei
PERNG Fai-Nan began his tenure as chief of Taiwan's central bank by defending the currency during the Asian financial crisis. As he approaches retirement nearly two decades later, the Taiwan dollar will again pose a challenge.
Mr Perng, 78, will step down next February after 20 years in his post, making him a longer-serving central bank chief than Alan Greenspan. He's expected to spend more of his last year working to maintain currency stability rather than fine-tuning interest rates.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US inflation rises in line with expectations in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'