Taiwan’s central bank in no rush to adjust policy

Taiwan’s central bank (CBC) decided to keep its policy rate on hold today at 1.375% against a backdrop of decent economic growth and subdued inflationary pressures. The familiar and dovish tone of the CBC’s accompanying statement reaffirms our view that long-time Governor Perng’s retirement last month will not lead to a policy shift and that interest rates will remain unchanged through this year.

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