Taiwan’s central bank (CBC) cut its rediscount rate on 19 March. Analysts at Standard Chartered Bank expect lower growth and inflation and more cuts. USD/TWD trades at 30.224. Key quotes “CBC cut its rediscount rate by 25bps to 1.125%, , taking the benchmark policy rate to a record low.” “We now expect it to cut 25bps in Q2 . We also now expect a further 12.5bps rate cut in Q3 to counter the coronavirus impact.” “We now expect 2020 growth of 0.6% (down from 1.9% previously), as we see a more severe impact on exports and manufacturing.” “We raise our 2021 forecast to 3.3% (from 2.8%) given the low base and the expected resumption of delayed consumer spending.” “We now expect the economy to contract 0.5% y/y in Q2 and 0.2% in Q3.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: BTC/USD recovery stalled on approach to $7,000 – Bitcoin confluence FX Street 2 years Taiwan’s central bank (CBC) cut its rediscount rate on 19 March. Analysts at Standard Chartered Bank expect lower growth and inflation and more cuts. USD/TWD trades at 30.224. Key quotes “CBC cut its rediscount rate by 25bps to 1.125%, , taking the benchmark policy rate to a record low.” “We now expect it to cut 25bps in Q2 . We also now expect a further 12.5bps rate cut in Q3 to counter the coronavirus impact.” “We now expect 2020 growth of 0.6% (down from 1.9% previously), as we see a more severe impact on exports and manufacturing.” “We raise our… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
