TWD/USD (TWDUSD=X)

Taiwan central bank likely to hold benchmark rate steady amid election uncertainty

The Central Bank of Taiwan is anticipated to keep its benchmark interest rate unchanged at 1.875% for the second quarter in a row, according to a survey of 19 economists. The decision, expected to be announced today, Thursday, is seen as an effort by the monetary authority to find an optimal balance between fostering economic growth and keeping inflation in check.