TAIWAN
<i> Times Staff and Wire Reports</i>
Central Bank to Slow Money Supply: The move is intended to lower inflation, said a spokesman for the nation’s key bank, the Central Bank of China. Wholesale prices rose 8.55% in March from a year earlier, the biggest gain in 14 years. Import prices climbed 13.4%. The bank will lower annual growth in the money supply M2 to the lower end of its current 10%-to-15% target range. M2 is a measure of the money supply that includes money in circulation, passbook accounts and time deposits. M2 in March was 12.3% over 1994.
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