Central bank leaves rates unchangedSTAYING STEADY: The central bank decided not to deviate from its current policy rates on the back of the US Federal Reserve’s decision to keep its rate in placeBy Crystal Hsu / Staff reporterThe central bank yesterday left its policy rate intact for the third straight quarter, saying that inflationary pressure has moderated and a policy pause would help support the economy amid lingering global uncertainty. Central bank governor Yang Chin-long, speaks during a news conference in Taipei yesterday. Taiwan’s central bank held interest rates steady at its final meeting of the year, leaving borrowing costs at their highest levels in eight years as the nation gears up for a critical January election. The central bank is looking at GDP growth of 3.12 percent next year, from a 1.4 percent this year. Central bank officials attributed the uptick mainly to a low base.

Source: Taipei Times December 14, 2023 21:38 UTC