0428 GMT - Taiwan's April consumer prices are likely start picking up due to higher energy prices. The island's inflation likely rose 1.7% on year, according to a Wall Street Journal poll of five economists. They generally think that prices in April picked up from March's 1.2% increase as supply-chain price pressures build. Taiwan relies heavily on fuel imports, with about 37% of its liquefied natural gas supply linked to Middle East routes via the Strait of Hormuz, according to Goldman Sachs. "With inflation still below 2% and real rates remaining positive, there is no strong impetus for the central bank to hike rates at its June meeting," DBS economics team noted. However, the central bank could consider tightening its monetary policy in 2H if inflation moves above 2%, DBS added.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 00:28 ET (04:28 GMT)
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