Taiwan’s interest rates unlikely to change next year: Standard Chartered

Taiwan GDP forecast to grow by 2.5% in 2019

Taiwan News
Date: 2018/12/11
By: Scott Morgan, Taiwan News, Staff Writer

Busy street in Taipei. (Image courtesy of Pxhere)

TAIPEI (Taiwan News) – Taiwan’s interest rates are unlikely to change in 2019 due to uncertainty in the global economy, volatility in emerging markets, and risks associated with the U.S.-China trade war, according to British financial giant Standard Chartered.

The bank also projects Taiwan’s gross domestic product (GDP) to grow by 2.5 percent in 2019, reported CNA.

Standard Chartered’s analysis was outlined during a press event in Taipei on Dec. 10, when the bank presented their global economic outlook.

David Mann, Global Chief Economist at Standard Chartered, said the global economy faces four major risks; U.S.-China trade war, European geopolitical risks, oil price volatility, and issues associated with China’s fiscal and monetary positioning. In this regard, the bank forecasts global economic growth to continue at a slow rate next year.

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