According to a survey of economists, the Central Bank of Taiwan will likely keep its benchmark rate at 1.875% in the second quarter of this year. This monetary policy decision is of greater importance due to the upcoming presidential election in Taiwan. It is scheduled for early next year. Interest rate policy by the central bank could have a significant impact on the economy of Taiwan in the run-up to the presidential election. By maintaining the current interest rate, the monetary authority is thought to be supporting steady economic growth while simultaneously attempting to control inflationary pressures.
The central bank’s decision is awaited with heightened anticipation as it could set the tone for economic policies in the run-up to the presidential election. The monetary policy could have a significant impact on Taiwan’s financial markets and economy, as the top position is at stake. Please see our T&C for more information.