Taiwan's Surprise Rate Hike Likely a One-Off -- Market Talk

Dow Jones03-22

0305 GMT - The unexpected rate hike by Taiwan's central bank is likely a one-time measure to curb inflation expectations, DBS senior economist Ma Tieying says. The central bank said it aimed to contain inflation views, which have been rising due to the government's planned electricity-price hike, she writes in a note. Though the hike will boost annual CPI inflation, it should stay stable in 2Q-3Q and ease in 4Q, the economist says. "We also interpret this rate hike as a delayed move of normalization."During the bank's 1H 2022-1H 2023 tightening cycle, DBS had anticipated that rates would be raised to 2.00% in 2Q last year, which didn't happen until now. DBS expects the central bank to stand pat for the rest of 2024 and into 2025. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

March 21, 2024 23:05 ET (03:05 GMT)

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Though the hike will boost annual CPI inflation, it should stay stable in 2Q-3Q and ease in 4Q, the economist says. \"We also interpret this rate hike as a delayed move of normalization.\"During the bank's 1H 2022-1H 2023 tightening cycle, DBS had anticipated that rates would be raised to 2.00% in 2Q last year, which didn't happen until now. DBS expects the central bank to stand pat for the rest of 2024 and into 2025. 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The central bank said it aimed to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0873338254.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2421838000","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421838000","pubTimestamp":1711076700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0557290698.USD":"施罗德环球可持续增长基金","BK6516":"银行与投资服务概念","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","D05.SI":"星展集团控股","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","BK6523":"ESG概念","BK6112":"综合性银行","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0048573645.USD":"富达东盟基金","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD"},"translate_title":"台湾出人意料的加息可能是一次性的市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":0.9},"content_text":"0305 GMT - The unexpected rate hike by Taiwan's central bank is likely a one-time measure to curb inflation expectations, DBS senior economist Ma Tieying says. The central bank said it aimed to contain inflation views, which have been rising due to the government's planned electricity-price hike, she writes in a note. Though the hike will boost annual CPI inflation, it should stay stable in 2Q-3Q and ease in 4Q, the economist says. \"We also interpret this rate hike as a delayed move of normalization.\"During the bank's 1H 2022-1H 2023 tightening cycle, DBS had anticipated that rates would be raised to 2.00% in 2Q last year, which didn't happen until now. DBS expects the central bank to stand pat for the rest of 2024 and into 2025. 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