Taiwan hikes rates to 3.375%

The board of the Central Bank of the Republic of China (Taiwan) on Thursday opted to raise its benchmark discount rate by 12.5 basis points to 3.375%.

The board also voted to step in if the dollar exchange rate is disrupted by "seasonal or irregular factors".

Accelerating inflation was behind the decision to hike rates. The directorate-general of budget, accounting and statistics now predicts prices will rise by 1.84% next year, slightly higher than the 1.65% forecast for this year.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: