(Bloomberg) -- Taiwan's dollar rose to the highest
in five months after the central bank raised its benchmark
interest rate by twice as much as expected. Bonds gained.
The currency headed for its biggest weekly advance since
the five days to Dec. 1 after the central bank yesterday lifted
the discount rate on 10-day loans by 0.25 percentage point to
3.125 percent. Taiwan's rate is the second-lowest in Asia after
Japan, encouraging investors to borrow the currency to buy
higher-yielding assets abroad.
Read more at Bloomberg Bonds News
in five months after the central bank raised its benchmark
interest rate by twice as much as expected. Bonds gained.
The currency headed for its biggest weekly advance since
the five days to Dec. 1 after the central bank yesterday lifted
the discount rate on 10-day loans by 0.25 percentage point to
3.125 percent. Taiwan's rate is the second-lowest in Asia after
Japan, encouraging investors to borrow the currency to buy
higher-yielding assets abroad.
Read more at Bloomberg Bonds News
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