interest rate hikes 結果共6筆

Central Bank Governor Yang Chin-long discusses Taiwan’s mild inflation rate amidst potential electricity price hikes and the Legislative Yuan’s move to require approval for such adjustments. The KMT calls for more public oversight in price changes.

Taiwan’s currency faces depreciation as the Federal Reserve’s interest rate hikes continue. Experts weigh in on potential impacts on exports and inflation, with anticipation for future Fed decisions. Stay updated on Taiwan’s economic landscape.

Taipei’s military, national defense, and aerospace stocks experienced notable performances in early trading as Taiwan’s presidential election approaches. AirAsia, Aerospace Industrial Development Corporation (AIDC), and Thunder Tiger stood out, attracting investor attention. With the United States reporting a slowdown in inflation growth, the market anticipates a lower probability of further interest rate hikes by the Federal Reserve (Fed). AirAsia reported a net zero profit for the first ten months of the year, with optimism in the commercial maintenance market. AIDC exceeded last year’s total revenue in the first ten months, aiming for its highest annual profit since listing. AIDC Chairman Hu Kai-hung is working towards enhancing Taiwan’s aerospace industry through the A-Team 4.0 alliance. Thunder Tiger is planning collaborations with domestic electric vehicle supply chains and aiming to introduce innovative solutions in the defense sector.

The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.

Taiwan Central Bank Governor Yang Chin-long addressed the Legislative Yuan’s Finance Committee, leaving open the possibility of further interest rate hikes. While rates in the U.S., U.K., Europe, Canada, and Australia are near their peak, Taiwan is approaching its high point. Previous inflation spikes were caused by typhoon impacts, leading to speculation about rate hikes. The Consumer Price Index (CPI) increased by 3% in October. The Central Bank’s council members unanimously decided to temporarily halt rate raises, but some members agreed to suspend hikes for only one quarter, suggesting aggressive responses to future inflation are possible. Market watchers are observing whether interest rate hikes might resume in December if inflation surpasses 3%. Yang attributed the current inflation to typhoon impacts, particularly rising vegetable and fruit prices, and promised close observation of rate raises in the fourth quarter. Economic growth is expected to remain above 2% this year, but the fourth quarter may see a downward revision to 1%.

Taiwan Central Bank Governor Yang Chin-long hinted at a new round of interest rate hikes in the first quarter of 2023, after raising interest rates by another 12.5 basis points in December this year.