Taiwan raises growth forecast, keeps interest rates unchanged

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TAIPEI :Taiwan's central bank held its policy interest rate unchanged on Thursday while raising its growth estimate for the year, but flagged risks for next year from trade policies from the incoming Trump administration in the United States.

Taiwan's economy grew at its slowest pace in 14 years in 2023.

Federal Reserve, which on Wednesday cut its benchmark interest rate by a quarter of a percentage point.

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Article Details

Category: EconomyBusiness

Markets: SingaporeTaiwanUnited States

Topics: Policy Bank Rate Growth Year Cent Interest Unchanged Taiwan Central Taipei

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 16:22:46 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24546137

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 27 minutes ago

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