Taiwan Keeps Rate-Hike Speculation Alive, Fueling Bond Slump
- Inflation likely to remain a challenge this year: board member
- Taiwan government bond yields rise following comments
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Taiwan’s central bank could still raise interest rates in March, a board member said, prompting a rise in the island’s bond yields on Monday.
Chang Chien-yi told Bloomberg News in a phone interview that he sees elevated consumer prices remaining a challenge this year, and said it was too optimistic to expect annual inflation to fall below 2%. Last year’s overall consumer price index reached 2.95%.