An End To Tightening?

October 2006 | Economic Outlook

BMI View: In line with our forecast, Taiwan's central bank raised the benchmark interest rate by 12.5bps for the ninth consecutive policy meeting on September 28, taking it to 2.625%. Although market interest rates are still extremely low, price pressures have moderated significantly during the year, with CPI registering negative growth for the second consecutive month in September, falling by 1.22% y-o-y, following a 0.57% y-o-y decline in August. As such, we believe that Taiwan's gradual monetary tightening cycle has likely come to an

If you would like to subscribe to China & North Asia Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to China & North Asia Monitor please click on the trial link below.