Taiwan to Weigh Interest Rate Amid Property Threat
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Taiwan’s central bank may discuss raising its benchmark interest rate tomorrow for the second time this year after the island’s economic recovery and the threat of a property bubble added to the case for higher borrowing costs.
Governor Perng Fai-nan will increase the benchmark by 0.125 percentage point to 1.5 percent after the policy board meets, according to 11 of 14 economists surveyed by Bloomberg News. Three expect no change following June’s advance from a record- low 1.25 percent. The decision is due after 3 p.m. in Taipei.