The Central Bank of Taiwan described its monetary policy stance as "hawkish" last week, which scholars believe reflects the government's lingering concerns about inflation risks and limited room for interest rate cuts in the short term. However, with the US Federal Reserve yet to clearly shift its stance and Taiwan's local elections approaching at the end of the year, the Central Bank may take tightening measures after the elections.
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The Central Bank of Taiwan described its monetary policy stance as "hawkish" last week, which scholars believe reflects the government's lingering concerns about inflation risks and limited room for interest rate cuts in the short term. However, with the US Federal Reserve yet to clearly shift its stance and Taiwan's local elections approaching at the end of the year, the Central Bank may take tightening measures after the elections.