The central bank issued 7.53 billion Taiwan dlrs worth of certificates of deposits (CDs) bringing issues so far this year to 174.48 billion against 40 billion a year ago a bank spokesman said. The new CDs with maturities of six months one and two years carry interest ranging from 4.03 to 5.12 pct. The issues are designed to help curb the growth of M-1b money supply.
TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH