By: Chiu Po-sheng and Frances Huang
Taipei, Nov. 28 (CNA) Scholars in Taiwan said Saturday that the country’s central bank is unlikely to change its key interest rates at its quarterly policymaking meeting on Dec. 17.
The central bank quarterly meeting will be held right after a similar one by the U.S. Federal Reserve, which is scheduled to end in the early hours of Dec. 17 Taipei time.
While the Fed is widely expected to launch an interest rate hike cycle in December, Taiwan’s central bank is unlikely to follow suit as it wants to maintain high liquidity in an effort to boost the domestic economy, according to local scholars. [FULL STORY]