Economics
Taiwan Central Bank Expected to Cut Rates to Brake Virus Hit
- Economists see Taiwan lowering rates for first time since 2016
- Already ample liquidity raises questions over impact of easing
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The combined weight of the coronavirus and the monetary easing trend around the world could finally persuade one of Asia’s most cautious central banks to cut rates.
Taiwan’s monetary authority is expected to cut the benchmark lending rate to 1.25% from 1.375%, according to the median estimate of 30 economists. That would be the first policy-rate move since June 2016 and on a par with the record-low rates adopted during the global financial crisis more than 10 years ago.