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Analysts at TDS expect  Taiwan’s central bank, CBC to keep its policy rate unchanged at 1.375%.

Key Quotes

“There is a small minority (3 out of 33) looking for a hike but we think the CBC will hold off amid pressure from trade tensions on its hi-tech industries. As he noted in April governor Yang is not one to surprise markets and therefore any hike will be well flagged.”

“The pace of GDP growth slowed slightly in Q1 though domestic demand is picking up and inflation remains close to the top end of the CB’s 0-2% range. We see risks of a hike at the next meeting on 27 September.”