MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

EZ/UK T-Bill Calendar: 9/12/28/50-Week BTF Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Taiwanese Central Bank Presses Pause On Interest-Rate Hikes

TAIWAN

The Central Bank of the Republic of China (Taiwan) unanimously decided to keep the benchmark interest rate unchanged at 1.875%, in line with Bloomberg consensus forecast, citing the need to maintain steady economic growth.

  • The central bank tightened selective credit control measures, i.e. mortgage cap for second homes in some areas.
  • GDP growth outlook for 2023 was lowered to +1.72% Y/Y from +2.21%; CPI inflation outlook for this year was raised to +2.24% Y/Y from +2.09%.
  • The central bank said 2H2023 GDP growth should be +4.07% Y/Y, while inflation should be trending down gradually.
  • Today's decision marks the first time when the CBC left interest rates on hold since 2021, having hiked rates at each of the past five meetings.
  • Spot USD/TWD closed at TWD30.714, virtually unchanged on the day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.