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Taiwan Central Bank holds interest rate steady for 3rd time
Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.2023/12/15 16:31 -
China unveils new plan for cross-strait integration
Beijing’s new plan aims to foster closer integration between Taiwan and the Fujian province by promoting residency applications for Taiwanese, easing business sector restrictions, and encouraging property investment. Learn about the latest developments in Taiwan-Fujian relations.2023/09/14 20:19