Central Banks
Taiwan Holds Key Rate as It Weighs Tariffs, Currency Gains
Taiwan Central Bank headquarters building in Taipei.
Photographer: Billy H.C. Kwok/Bloomberg
Taiwan held its benchmark interest rate for the fifth straight quarter as it considers worries about the impact of possible US tariffs on the economy, inflation and currency gains.
The policy rate stayed at 2%, the central bank in Taipei said in a statement Thursday. Of the 28 economists surveyed by Bloomberg, 27 had expected it to leave the key rate unchanged at the highest level since 2008. The monetary authority said that the hold was due to “very high uncertainty” going into the second half of the year.