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Taiwan Set to Hold Rates With Hike on Horizon: Decision Guide

  • Central bank is forecast to leave key rate unchanged Thursday
  • Economists bring forward forecasts for rate hike to 3Q 2022
Housing listings at a property agency in Taipei, Taiwan, earlier in November. 

Housing listings at a property agency in Taipei, Taiwan, earlier in November. 

Photographer: I-Hwa Cheng/Bloomberg

Taiwan could be moving a step closer to its first interest rate hike in more than a decade on the back of strong economic growth, rising inflation and housing prices, and a successful effort to keep Covid-19 at bay.

For now though, policy makers in Taipei are set to keep borrowing costs unchanged at a record-low 1.125% for a seventh-straight quarter Thursday, according to a Bloomberg survey of economists. A strong currency is likely to outweigh all other concerns for the time being, but economists are bringing forward their predictions of when the central bank will finally raise rates for the first time since June 2011.