Taiwan's central bank governor says any interest rate hike depends on conditions

[TAIPEI] Taiwan's central bank Governor Yang Chin-long said on Monday that any interest rate hike depends on three conditions - the inflation outlook, rates in neighboring countries and the government's Covid-related efforts to revitalise the economy.

The central bank in September left its policy rate unchanged at a record low of 1.125 per cent, and raised its growth outlook for 2021 to 5.75 per cent as strong exports bolstered the trade-reliant economy even in the face of a spike in domestic coronavirus infections, which are now well under control.

REUTERS