Taiwan central bank raises rates for first time since 2011

taiwan-cb

The board of directors of Taiwan’s central bank ordered the first rate increase since 2011 on March 17, raising it by 25 basis points to 1.375%. The move was the first change in the policy rate since March 2020 and the first hike since 2011, and apparently surprised most market watchers. Polls of economists by Bloomberg and Reuters had found that most expected no change in rates.

ING noted that Taiwan usually adjusts interest rates in 12.5bp increments. Bloomberg said this was the largest hike

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