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Taiwan cbank raises economic growth forecast, stands pat on rates

Sumary of Taiwan cbank raises economic growth forecast, stands pat on rates:

  • Article content TAIPEI — Taiwan central bank revised up the island growth outlook for the year on Thursday as strong exports bolstered the trade-reliant economy in the face of the coronavirus pandemic, and left its policy rate unchanged as expected…
  • Taiwan has weathered the health crisis better than its neighbors by keeping infections at bay while its export-reliant economy has gained from global demand for its technology products as many people work from home during the pandemic…
  • At its quarterly meeting, the central bank kept the benchmark discount rate at a record low of 1.125%, as expected by all 12 economists in a Reuters poll…
  • The central bank also raised its 2021 estimate for gross domestic product (GDP) growth to 4.53% from 3.68% forecast in December……

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