Taiwan CB leaves interest rate on hold

Taiwan's central bank held its policy rate unchanged as expected, prompted by lingering concerns over inflation and uncertainty about new US trade tariffs.

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The central bank left the benchmark discount rate at 2 per cent, in line with predictions from a Reuters poll of 33 economists, who all expected the rate to be held steady.

The central bank slightly lowered its 2025 estimate for economic growth to 3.05 per cent from a forecast of 3.13 percent given in December.

Taiwan's economy grew 4.59 per cent in 2024.