Taiwan central bank likely to raise policy rate in September, BofA says
BofA Securities says Taiwan’s central bank is likely to raise the policy rate in September. It argues currency appreciation is unlikely to replace a near-term hike given the New Taiwan dollar remains weaker than a year ago.
Taiwan's central bank is likely to raise the policy rate in September, according to BofA Securities in a research note. "Currency appreciation is unlikely to substitute for a hike in the near term, as the New Taiwan dollar remains weaker than a year ago and any pass-through to inflation would take…