Central bank expected to keep rates steady for 12th straight quarter

Focus Taiwan
Date: 2019/06/17
By: Pan Tzu-yu and Frances Huang

Taipei, June 17 (CNA) The central bank in Taiwan is unlikely to adjust its key interest rates at its quarterly policymaking meeting on Thursday, according to economists.

Talking with CNA over the weekend, the economists said that while the central bank is expected to maintain its interest rates at the same level for the 12th consecutive quarter this time, it may come under pressure to cut interest rates in the second half of the year.

They said such pressure may kick in if the United States Federal Reserve decides to lower its interest rates to alleviate the effects of the U.S. trade war with China.

Wu Meng-tao (吳孟道), director of the sixth research division at the Taiwan Institute of Economic Research (TIER), said amid growing uncertainty in the global financial markets, Taiwan's central bank is keeping a close eye on them for the moment before taking its next step.    [FULL  STORY]

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