Emerging Asia Economics

Emerging Asia Economics Update

21 June, 2018

Taiwan’s central bank to keep policy on hold

With economic growth fairly strong and inflationary pressures subdued, Taiwan’s central bank (CBC) decided today to keep its policy rate unchanged at 1.375%. The dovish tone of the Bank’s accompanying statement, which revealed increasing concerns among policymakers about a rise in protectionism, reaffirms our view that policy will stay on hold for some time yet.

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