Taiwan's Central Bank Expected to Maintain Interest Rates Steady Amid Inflation Worries
Sunday, 15 September 2024, 20:16
Analysis of Taiwan's Interest Rate Policy
According to Reuters, Taiwan's central bank is expected to maintain its policy interest rate steady at 2% in the upcoming meeting. This decision comes as inflationary pressures continue to be a concern for the bank.
Current Economic Outlook
- The central bank previously raised rates to 2% in March.
- 32 economists surveyed predict stability in rates.
- Median forecast suggests potential rate cuts starting Q3 2025.
Understanding Inflation Trends
While Taiwan's consumer price index rose to a higher-than-expected 2.36% in August, the central bank prioritizes controlling inflation, aiming for 2%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.