Central banks in China, Hong Kong and Taiwan hold rates
Taiwan tilts hawkish, Hong Kong follows Fed and China expected to ease by 10bp this year
The central banks of mainland China, Hong Kong and Taiwan have all held rates, with the latter taking on a markedly hawkish tone.
The People’s Bank of China said today (March 20) that it would hold its loan prime rates (LPRs). This came after the Central Bank of the Republic of China (Taiwan) on March 19 said it would keep its lending rates unchanged. The Hong Kong Monetary Authority (HKMA) on the same day announced that it would be following the US Federal Reserve’s decision on March 18 to hold
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