Taiwan - Kamatláb

The central bank of Taiwan left its key policy rate unchanged at 1.375 percent on September 19th 2019, as widely expected. Policymakers said that they will maintain accommodative monetary policy and added that will closely monitor developments in the US-China trade war, monetary policy trends of major economies, geopolitical situation, and the impact of global financial market changes on the domestic economic. The Committee noted a slowdown in domestic inflation and added that inflation outlook remains stable. Policymakers lowered its projections for inflation rate to 0.7 percent (vs 0.87 percent in August) for 2019 and the core inflation rate is seen at 0.56 percent (vs 0.76 percent in August projection). Inflation and core inflation for 2020 are expected to be at 0.88 percent and 0.77 percent, respectively. The Committee also revised its forecasts for Taiwan’s GDP growth to 2.40 percent from a previous 2.06 percent for 2019 and for 2020 the economy is expected to grow 2.34 percent.

The central bank of Taiwan held its key policy rate at 1.375 percent on June 20th 2019, as widely expected. Policymakers said that internal demand continued to be the driver of economic growth. The Committee added that will pay close attention to the monetary policy trends of major economies, ongoing trade tensions between the US and China, geopolitical risks, and the impact of global financial market changes on domestic economic and financial situations. Policymakers lowered its forecasts for Taiwan’s GDP growth to 2.06 percent from a previous 2.13 percent for 2019. Inflation and core inflation for 2019 were also revised lower to 0.87 percent (vs 0.91 percent in March projection) and to 0.76 percent (vs 0.78 percent), respectively.

The central bank of Taiwan left its key policy rate unchanged at 1.375 percent on March 21st 2019, matching market expectations. The bank said Taiwan's economy would likely expand at a somewhat slower pace this year due to lower global growth and persistent uncertainties over the international economic, trade, and financial prospects. In addition, the actual output remains below potential and inflationary pressures are expected to be subdued. Policymakers forecast Taiwan's GDP growth to be 2.13 percent in 2019, lower than the previous year. Inflation and core inflation for 2019 are seen at 0.91% and 0.78%, respectively.