Taiwan central bank says GDP may grow 6% this year

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Economy12 minutes ago (Sep 29, 2021 10:11PM ET)

(C) Reuters. FILE PHOTO: A police officer stands beside the Taiwanese Central Bank logo in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu

TAIPEI (Reuters) – Taiwan Central Bank Governor Yang Chin-long said on Thursday that the economy may grow 6% this year though that depends on trade and domestic consumption growth.

Yang, taking lawmaker questions in parliament, said whether to raise Taiwan’s benchmark interest rate will need the consideration of the impact of tightening of monetary policies of advanced countries like the United States on Taiwan, as well as inflation and the COVID-19 pandemic.

Taiwan central bank says GDP may grow 6% this year

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