Get the app
Opinion
Life
World
Taiwan

Central bank expected to raise interest rates in Q4

TAIPEI, Taiwan -- Leong Wai Ho (梁偉豪), a senior regional economist with Barclays yesterday stated that Taiwan's central bank is expected to raise interest rates in the fourth quarter of this year by 0.125 percent.

The bank stated that amid expectations of steady growth in domestic consumption, the central bank intends to limit the amount of capital circulating in the market, representing the regulator's confidence in the nation's economic prospects.

Most notably, the bank revised its projected GDP growth for Taiwan upwardly to 4.1 percent over the course of this year.

It also said that Taiwan's consumer price index rose to 1.75 percent, a 17-month high over July, compared to the 1.64 percent recorded in June. Barclays stated the surge in price of common household goods were mostly propelled by gains in food including meat, eggs and fruits, due to recent agricultural losses caused by typhoons. In particular, at 4.3 percent over July, the price of meats saw less than expected gains, compared to the 3.8 percent growth recorded in June, said Barclays. The company, however, stated that food prices are poised to peak in August and September.

You may also like...
1
Food Taipei: A springboard for El Salvadoran products
2
Taiwan's postage stamp prices are being raised for the first time in 26 years
3
Ko Wen-je told China straight-up that Tsai Ing-wen will be called president, not leader
4
A blogger in Vietnam will spend 10 years in jail for comments about a Taiwan-owned factory's chemical spill
5
LATEST: Chinese dissident Liu Xiaobo dies, Chinese government says
6
As it happened: 1 dead, 2 critical, 13 more injured in gas explosions
7
Updated with video: Riders are leaving their oBikes everywhere and some government officials won't take it anymore
8
LATEST: China 'has gotten an apology' after the White House confused the PRC and ROC
9
This blog is a lifesaver for Taipei parents with a toddler
10
Getting divorced in Taiwan? From custody to child support, this is what you need to know
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search