In the central bank 's latest bid to jumpstart Taiwan 's sluggish economy , Sheu ordered a reduction of up to a half-percentage point in banks ' reserve requirements and called on commercial banks to pass on the savings in the form of interest rate reductions .
<response> In the central bank 's latest bid to jumpstart <location>Taiwan</location> 's sluggish economy , <person>Sheu</person> ordered a reduction of up to a half-percentage point in banks ' reserve requirements and called on commercial banks to pass on the savings in the form of interest rate reductions . </response>