Central Bank of the Republic of China (Taiwan) Calls Existing Policy Settings Appropriate

March 27, 2014

Monetary policy in Taiwan is reviewed quarterly.  The discount rate was cut at five sequential meetings from June 2010 to June 2011, each time by 12.5 basis points, but the end-point of that streak, 1.875%, has been retained since June 2011 and will continue over the coming three months.

Taiwan’s central bank statement projects moderate growth, mild inflation, but continuing global uncertainties (risks).  For 2014, GDP is expected to expand 2.8%, and consumer prices to climb 1.1%.  The statement reserves the right to intervene when necessary to counter disorderly foreign exchange market conditions.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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