Taiwan ends the year with policies anchored, inflation low and the exchange rate under control. But listen closely, and you will hear that the tone has sharpened. The Central Bank isn’t blinking, but it is watching the currency like a hawk. Regulatory priorities are shifting again - this time from fire fighting to pre-emption. Retail credit is cooling. And while the labour market remains the country’s strongest asset, the surrounding structure is under quiet recalibration. This is still a story of balance. But like we said back in April, the weight is shifting and Taiwan’s technocrats are adjusting without advertising it. Monetary Policy The CBC heads into its 18th December meeting widely expected to hold the benchmark discount rate at 2.00%. This will mark a full seven quarters of steady policy. November’s inflation came in at 1.23%, with core CPI at 1.72% - both comfortably low. The full year GDP forecast has been revised up to 7.37%. There is no pressure to move but the language is ...
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