By Reuters Staff
3 Min Read
TAIPEI, April 29 (Reuters) - Taiwanese central bank policymakers will not rush to alter interest rates due to continued economic uncertainty about COVID-19, minutes of their March meeting showed on Thursday.
The central bank last month left its policy rate unchanged at 1.125%, the lowest on record, and raised its growth outlook for 2021 to 4.53% as strong exports bolstered the trade-reliant economy in the face of the pandemic.
All board directors supported keeping the policy rate unchanged at the meeting “based on the assessment of lingering uncertainties over domestic economic growth amid the unabated global coronavirus pandemic”, the minutes said.
By Reuters Staff
1 Min Read
FILE PHOTO: New Central Bank Governor Yang Chin-long attends the inauguration ceremony in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu
TAIPEI (Reuters) - Taiwan central bank governor Yang Chin-long said on Monday they may again revise this year’s growth forecast higher given the island’s strong economic prospects.
The central bank last month raised its 2021 estimate for gross domestic product (GDP) growth to 4.53% from 3.68% forecast in December.
Reporting by Liang-sa Loh; Writing by Ben Blanchard; Editing by Christian Schmollinger
By Reuters Staff
1 Min Read
TAIPEI, April 16 (Reuters) - The fact the U.S. Treasury has not labelled Taiwan a currency manipulator shows Taiwan continues communicate effectively with the United States, a central bank official said on Friday.
The official, speaking on condition of anonymity, told Reuters that good communication had helped the U.S. authorities understand Taiwan’s “special situation”. (Reporting by Liang-sa Loh; Writing by Ben Blanchard; Editing by Catherine Evans)
By Reuters Staff
3 Min Read
TAIPEI (Reuters) - Taiwan central bank governor Yang Chin-long said on Thursday that the United States may label the island a currency manipulator as it has already met Washington’s three main criteria for making such a decision.
FILE PHOTO: New Central Bank Governor Yang Chin-long attends the inauguration ceremony in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu
Yang, answering lawmaker questions in parliament, added that if this happens it would not be too serious and that there would be no immediate disadvantage for Taiwan and they did not expect to be subject to so-called “Section 301” measures that might lead to tariffs.