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Financial News: Taiwan Central Bank Keeps Rate Unchanged

Taiwan Central Bank Keeps Rate Unchanged

06/20/2019 - 06:18:00 (RTTNews)

(RTTNews) - Taiwan's central bank maintained its key interest rate for the twelfth straight meeting, on Thursday.

Policymakers unanimously decided to keep the benchmark rate unchanged at 1.375 percent.

Policymakers said the loose monetary policy helps stabilizing prices.

The bank expects inflation in the second half of the year to be higher than in the first half. Inflation is seen at 0.87 percent and core inflation at 0.76 percent this year.

The economy is projected to expand 2.06 percent in 2019. The bank cautioned that US-China trade negotiations would be a key factor affecting growth.

The bank is likely to be in little rush to cut interest rates despite the poor outlook for growth, Gareth Leather, an economist at Capital Economics, said. The economist expects interest rates to be left on hold until at least the end of this year.

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