Taiwan's central bank, Central Bank of Republic of China, CBC has delivered a cut in its policy rate in its monetary policy by cutting 12.5 bps, the current interest rate is 1.625%

In the second half of this year, the central bank cut a total of 25 bps, after standing pat for four long years.

"The key motivation here is to further weaken the TWD and to boost export competitiveness. Unlike most EM economies, capital outflows is not a paramount concern for Taiwan as it has a sizeable foreign exchange reserves and a large current account surplus", opines Commerzbank.Add to Anti-Banner