TAIPEI: Taiwan's central bank is likely to raise its policy rate again this week, according to all economists polled by Reuters, to help fend off inflation now at an almost 10-year high.
The central bank is likely to raise its benchmark discount rate by 12.5 basis points to 1.5% at its quarterly meeting on Thursday, according to the median forecast of 19 economists surveyed. The central bank unexpectedly raised the rate by 25 basis points to 1.375% at its last meeting, in March.
Nine of the economists surveyed said they expected stronger action - a second 25-basis-point rise, to 1.625%.
The central bank has repeatedly said it will tighten monetary policy this year, as its counterparts elsewhere are doing, and that it sees inflation as a key criteria for interest rate moves.
Taiwan's consumer price index was 3.39% higher in May than a year earlier. That inflation rate was the highest since August 2012 and exceeded the central bank's 2% target for the 10th month in a row.
Inflation is still slower than in the United States and Europe, however.
The central bank said last month it expected economic growth to decline and inflation to rise this year and that it would take appropriate, timely steps to respond to economic uncertainty.
MasterLink Securities Investment Advisory analyst Anita Hsu said she expected a 25-basis-point rate hike on Thursday.
"Before inflation starts cooling, there's no rationale for an increase less than that seen in March," she said, adding that the central bank might ease off at the September quarterly meeting, applying only a 12.5-basis-point rise.
Taiwan's export-reliant economy has been supported by a global shortage of semiconductors that has filled order books of chip-makers on the island. Exports have continued to perform strongly.
While the economy last year grew 6.45%, the fastest rate since it expanded 10.25% in 2010, it is expected to grow more slowly this year, hit by COVID-19 lockdowns in China and the impact of the war in Ukraine.
Taiwan's statistics agency last month lowered its gross domestic product forecast for 2022 to 3.91%, down from 4.42% growth forecast in February, even as it raised its export outlook for the year.
The central bank will give its revised forecast for 2022 economic growth on Thursday; in March it predicted 4.05% expansion. - Reuters
转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己，与本平台无关。转载请注明：皇冠体育规则（www.hg9988.vip）_Poll -Taiwan central bank set to raise policy rate as inflation hits 10-year high
科学上网电报群（www.tg888.vip）是一个Telegram群组分享平台，科学上网电报群内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。我也觉得很精彩呀
Most bank stocks remained buoyed by the positive gross domestic product result. Maybank was up two sen to RM8.99 and Public Bank rose one sne to RM4.66.满满的诚意呀