Central Banks
Taiwan Central Bank Sees Slowing Inflation Weighing on Rate Move
- Yang says forecast inflation below 2% is acceptable for island
- Taiwan has raised the benchmark rate three times this year
Yang Chin-long
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
Taiwan’s central bank will weigh the outlook for slowing domestic inflation and concerns about the global economy when deciding whether to continue tightening monetary policy, Governor Yang Chin-long said Monday.
Speaking to lawmakers in Taipei, Yang said inflation in Taiwan is lower than elsewhere because the government has dealt with it using effective supply-side measures. Taiwan doesn’t face the same production and labor market problems that the US and European countries do, he added.