monetary policy 結果共3筆

Explore how Taiwan’s excess savings rate, projected to reach 15.46% in 2024, indicates economic resilience yet poses challenges for growth. Learn about the government’s strategies to stimulate investment and spending.

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.

Bank of Japan (BOJ) officials expect Japan’s negative interest rate policy to continue due to insufficient wage growth, according to informed sources. BOJ will hold a monetary policy meeting in December 2024, with additional meetings planned for January, March, and April. After meeting with Prime Minister Fumio Kishida, BOJ Governor Haruhiko Kuroda expressed the challenges ahead, possibly signaling a revision to the massive monetary easing policy. This led to a surge in the yen’s exchange rate, reaching a high of 141.6 yen to the dollar.