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Taiwan Rate-Rise Forecasts Ditched Amid Deflation, Global Easing

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Prospects for an interest-rate increase in Taiwan are fading fast after consumer prices began declining this year and more than 20 central banks eased monetary policy.

Four of 16 economists surveyed in the past week see the island’s benchmark rate being raised in 2015, compared with 10 of 17 when Bloomberg last gauged expectations in December. HSBC Holdings Plc this week became the first lender to forecast a cut, predicting the change will come at the central bank’s quarterly review on Thursday. There were no other projections for a change at the coming meeting, a separate survey showed.