EFTA Document EFTA01379400

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Taiwan The Central Bank of China is responsible for conducting both monetary and exchange rate policies. There is no formal inflation target, but the CBC has a medium-term objective of keeping M2 growth in a range. The central bank's main policy instrument is the discount rate, though in practice it uses several tools such as OMOs and the FX rate to influence monetary conditions. Over the past two decades, the TWD marke