Taiwan cbank says it will increase issuance of 14-day NCDss

June 6, 2016 1:24 AM

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TAIPEI, June 6 Taiwan's central bank will increase its issuance of 14-day negotiable certificates of deposit (NCDs) on June 13 and June 14, an indication that further raises market expectations the central bank will cut interest rate late this month.

The central bank is encouraging financial institutions to apply for 14-day and 28-day NCDs in even amounts, it said in a statement on Saturday. They now apply for larger amounts in 28-day NCDs and less in 14-day.

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