December 20, 2024 00:24 GMT
TAIWAN: Central Bank Keeps Rates on Hold.
TAIWAN
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- The CBC left its key interest rate unchanged at 2.0%.
- Forecasts were revised with 2024 GDP forecast to +4.25% from +3.82%, with 2025 revised to +3.13%, from +3.08%.
- 2024 CPI revised to +2.18% (CBC target is +2.0%), with 2025 at +1.89%.
- Their forecasts do not take into account impact from potential US tariffs, noting the new administration as the key uncertainty for 2025 and that they will likely hurt the country’s exports.
- CBC forecasts a gradual rebound in global trade, and sees some chance for a cooling of the housing market.
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