Taiwan’s central bank Governor Perng Fai-nan said the island doesn’t have to follow U.S. monetary policy, sparking speculation interest-rate increases will be kept on hold after South Korea joined a global wave of monetary easing.
Central Bank of the Republic of China (Taiwan) doesn’t have to follow the Federal Reserve, which may raise borrowing costs as early as June, Perng told lawmakers on Thursday. The island’s benchmark interest rate will be increased this year for the first time since 2011, according to 11 of 20 economists surveyed by Bloomberg.
