Taiwan’s central bank left its benchmark policy rate unchanged on Thursday, as expected, saying it is maintaining loose monetary conditions to support the export-dependent economy.
The decision to keep the discount rate at 1.375 percent, snaps a rate-cut cycle that began a year ago to pull the economy out of a brief technical recession.
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Nine of 15 economists polled by Reuters expected the central bank to hold fire after back to back rate cuts on improvements in manufacturing and export-related activity in recent months. But five economists forecast a cut and one called for a hike.