Central Bank of the Republic of China
Dollar Down on a Perfect Storm of Tensions Fraught with Uncertainty
June 20, 2019
The dollar lost 0.6-0.9% overnight against the euro, Swiss franc, loonie, yuan, kiwi, Australian dollar and Mexican peso. The greenback also has fallen 0.4% relative to the yen and 0.3% vis-a-vis sterling. The list of unknowns keeps lengthening. Iran shot down a U.S. surveillance drone, seemingly bringing another Middle East war closer. From Fed Chairman […] More
Theme of the Day: Slowing Global Growth
March 21, 2019
Since the Federal Reserve’s policy decision and press conference yesterday, there’s been a parade of other central bank policy meetings. Although only Norway changed its policy rate — a hike no less — the running theme in the many central bank statements is that the slowdown in global demand late last year is continuing and […] More
Softer Dollar on the First Day After the Fed’s Rate Hike
December 20, 2018
Markets did not take comfort from Wednesday’s FOMC interest rate hike or the upbeat economic prognosis of Chairman Powell. The dollar fell overnight by 0.6% against the euro, 0.5% relative to the yen and Swiss franc, 0.4% vis-a-vis sterling, 0.3% versus the Australian dollar, and 0.2% against the yuan and loonie. Share prices fared poorly […] More
Central Bank of the Republic of China (Taiwan)
March 22, 2018
At the end of the latest policy review, Taiwanese monetary officials retained a 1.375% discount rate. It’s been at that level since four consecutive cuts of 12.5 basis points from September 2015 through the meeting in June 2016. Taiwan continues to experience positive growth and stable, sub-2% inflation. The appropriateness of the present interest rate […] More
Central Bank of the Republic of China (Taiwan)
December 22, 2016
It was decided unanimously to leave Taiwan’s central bank interest rate at 1.375% after the latest quarterly policy review. Four consecutive reductions of 12.5 basis points had been implemented in September and December of 2015 and March and June of this year. A statement released after the meeting justified the stance as follows: Against a […] More
Central Bank of the Republic of China (Taiwan)
September 29, 2016
Monetary officials agreed to leave Taiwan’s discount rate unchanged at 1.375%, which is an accommodative stance according to a statement released today. The interest rate was cut by 12.5 basis points at each of the previous four quarterly policy reviews stretching back to September 2015. Monetary stances have remained easy at the central banks in […] More
Taiwanese Monetary Policy Eased Further in the face of Weak Chinese Demand and Brexit Concern
June 30, 2016
Policymakers at the Central Bank of the Republic of China unanimously cut Taiwan’s discount rate to 1.375% from 1.50%. Reductions of 12.5 basis points had also been agreed upon at the three prior quarterly policy reviews. A statement released today introduces a fresh concern: In last week’s referendum, the United Kingdom voted to leave the […] More
Central Bank Interest Rate Cut in Taiwan
March 24, 2016
The Board of the Central Bank of the Republic of China (Taiwan) meets on a quarterly basis and, as done last September and December, cut its three interest rates including the main rediscount rate by 12.5 basis points at this month’s review. Three of the five 12.5-basis points hikes engineered between June 2010 and June […] More
Taiwanese Interest Rate Cut to 1.625%
December 17, 2015
The Central Bank of the Republic of China cut its discount rate by 12.5 basis points. This decision followed a similar action at the prior quarterly review in September but had not been expected by analysts who thought Fed tightening would deter a move now. At five successive reviews from June 2010 to June 2011, […] More
Central Bank of the Republic of China (Taiwan)
June 27, 2013
Taiwan’s discount rate was left unchanged at 1.875%, where such has been for the past two years. The unanimous vote to keep the status quo was anticipated. Based on an assessment of lingering global economic uncertainties, a mild recovery of the domestic economy and subdued inflationary pressures, the Board judged that the current policy stance […] More
