Economics
Taiwan Holds Rate as New iPhone, Rising Oil Boost Outlook
- Central bank keeps rate at 1.375% at quarterly board meeting
- External demand to remain key driver next year, Barclays says
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Taiwan held its benchmark interest rate for a second straight quarter as economic indicators show fourth-quarter strength and improving growth prospects for 2017.
Policy makers held the discount rate to banks at a six-year low of 1.375 percent, the central bank said in a statement Thursday after a meeting in Taipei. All 28 economists in a Bloomberg survey predicted the decision. Monetary officials said they expect a mild economic recovery next year with a stable outlook and limited inflation pressure.