Jun
19

Taiwan Central Bank Expected to Hold Rates as Trade War Escalates

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  • ‘Less guessing’ needed as Yang improves communication: trader
  •  Trade tensions cloud prospects for export-dependent economy

Taiwan’s central bank will keep its benchmark interest rate unchanged Thursday as a brewing trade war adds to risks facing the export-oriented economy, according to a Bloomberg survey.

A majority of 33 economists said Taiwan will hold the discount rate for banks at an eight-year low of 1.375 percent, while only three predicted an increase of 12.5 basis points to 1.5 percent, the survey showed…

Taiwan Central Bank Expected to Hold Rates as Trade War Escalates

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