Price stability is now the main responsibility of central banks of various countries. In recent years, central banks of various countries have implemented the fastest monetary tightening policies in the past fifty years, using higher interest rates to suppress aggregate demand to combat inflation. This time, Li Yiting, a director of the Central Bank and a fellow of the Academia Sinica, was invited to reflect on the central bank's monetary policy in Taiwan from an overall economic perspective, including the impact of maintaining low interest rates and low exchange rate policies, and called for the establishment of an independent, Transparency requires careful selection of the central government and the implementation structure of monetary policy so that it can effectively respond to the problem of inflation.

Implemented by General Education Center
Date: 2023/03/22