TAIPEI (Reuters) -Taiwan’s central bank kept its policy rate unchanged on Thursday, as widely expected, given the island’s robust tech-driven economy and moderating inflation, and maintained its economic growth outlook for the year.
The central bank left the benchmark discount rate at 2%, in a unanimous decision and in line with predictions from a Reuters poll where 29 of 30 economists forecast no change.
The central bank maintained its 2025 estimate for economic growth at 3.05%.
Taiwan’s economy grew 4.59% in 2024, buoyed by robust exports, including high demand for artificial intelligence applications from companies like Nvidia.
The central bank trimmed its consumer price index (CPI) forecast for this year to 1.81%, down from its March forecast of 1.89%.
Taiwan’s rate decision came a day after the U.S. Federal Reserve held rates steady, as expected, and retained projections for two quarter-point rate cuts this
(Reporting by Liang-sa Loh and Faith Hung; Writing by Ben Blanchard; Editing by Jacqueline Wong)
