Taiwan’s central bank is likely to raise interest rates by 0.125 percentage points on June 16 as it struggles to curb inflation without hurting an economy that is facing increasing headwinds, a Taipei-based economist said.
Taiwan’s consumer price index, hovering above 3 percent for the past two months, is not as serious as the 8 percent seen in the US and the EU, meriting a measured and moderate approach, said Chang Chuang-chang (張傳章), president of the Chunghua Institution for Economic Research (CIER, 中華經濟研究院).
Several central bank board members shared the same opinion during the bank’s March meeting, but decided on an interest
Taipei, June 1 (CNA) Taiwan's manufacturing activity continued to expand in May for the 23rd consecutive month but the pace of expansion slowed, according to the latest Purchasing Managers' Index (PMI) for Taiwan compiled by the Chung-Hua Institution for Economic Research (CIER).
The official manufacturing purchasing managers’ index (PMI) last month came in at 56.3, staying in the expansion zone for the 22nd month, but shedding 1.5 points from March, as mounting inflationary pressures and China’s COVID-19 lockdowns weighed on new orders and clouded the outlook, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究) said yesterday.
PMI data reflect the health of the manufacturing industry, with values larger than 50 suggesting expansion and scores lower than the threshold indicating contraction.
All manufacturing sectors reported that business improved last month, but were less upbeat about prospects as new orders posted their first decline in
Taipei, May 3 (CNA) Taiwan's manufacturing activity continued to expand in April but an index gauging the industry fell from a month earlier, indicating that the pace of the expansion had slowed, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.
Taipei, April 20 (CNA) The Chung-Hua Institution for Economic Research (CIER) on Wednesday raised its forecast for Taiwan's economic growth rate in 2022 to 3.96 percent, up 0.29 percentage points from its previous estimate in December.