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Financial News: Taiwan Retains Key Interest Rates

Taiwan Retains Key Interest Rates

12/21/2017 - 06:44:00 (RTTNews)

(RTTNews) - Taiwan's central bank kept its key interest rates unchanged on Thursday.

The central bank kept the discount rate at 1.375 percent. The decision came in line with expectations.

The bank said it will closely monitor the current domestic and international economic and financial situations and adopt appropriate policies in a timely manner.

The bank forecast 2.61 percent growth for the whole year of 2017.

Benefiting from the steady growth of private consumption and government spending, economic growth is forecast to reach 2.35 percent in 2018.

Chang Liu, an economist at Capital Economics, said the central bank will not be in any rush to adjust monetary policy.

The central bank has little to worry about on the inflation front, the economist noted. He expects headline inflation to rise only slightly next year, averaging 1.5 percent in 2018.

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