Taiwan’s central bank to ‘follow tightening trend’ next year – governor
Central bank has maintained a record-low rate for six straight quarters
The global trend for central banks next year will be tightening, and “Taiwan will follow”, said Yang Chin-Long, governor of Taiwan’s central bank.
Taiwan will have to take the monetary policy of major economies into consideration, said Yang from the Central Bank of the Republic of China (Taiwan), according to a report by state news agency CNA.
But taking the initiative to raise rates could prove “unfavorable” to Taiwan, as higher interest rates could push up the Taiwanese dollar and attract
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