Reported 5 months ago
Central Bank of Taiwan auctioned 2-year fixed deposits on July 17, 2024, with a winning rate of 1.487%, marking the fifth consecutive increase and hitting a new high in over two years. The rise in interest rates indicates market expectations that even if the Federal Reserve starts cutting rates in September, Taiwan's central bank will not follow suit, suggesting an independent monetary policy. Market estimates for the deposit rate were met, reflecting a trend of higher rates in recent months due to various factors impacting the domestic monetary market.
Source: YAHOO