Taiwan set to hold rates steady amid persistent inflation worries: Reuters poll
TAIPEI - Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with persistent concerns over inflation, according to economists in a Reuters poll.
Economists who answered questions on the outlook beyond this week predicted the bank would start cutting rates only from the third quarter of 2025, with the median estimate a drop to 1.875%. Kevin Wang, an economist at Taishin Securities Investment Advisory, said the central bank will likely keep the rate unchanged this time, but there could be another rise in the offing three months hence.
Taiwan's tech-centred, export-dependent economy is doing well, especially as the artificial intelligence boom drives orders for the likes of TSMC, the world's largest contract chipmaker. Taiwan's stock market is at record highs.
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