Taiwan holds, with inflation expected to fall next year
Central bank says growth exceeded expectations as AI-driven demand continues
Taiwan held interest rates as expected today (September 17), amid higher-than-forecast growth and projections that inflation would fall below the central bank’s 2% target next year.
The Central Bank of the Republic of China (Taiwan) said in a statement that leaving its benchmark lending rate at 2% would ensure the island’s economic growth continued while taking into account uncertainties created by the US-Iran war.
The central bank said inflation for the year overall was forecast to be slightly
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