RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Central Bank of the Republic of the China (Taiwan) is expected to hold the monetary policy rate unchanged at 1.375 percent through 2020, according to the latest report from ANZ Research.
Taiwan’s GDP growth will remain robust in 2020 (ANZ forecast: 2.1), on the back of a pick-up in exports. Stable domestic demand along with robust external demand underpins our positive outlook.
Domestic demand is expected add 1.5ppt to headline growth, while net external demand will add 0.6ppt in 2020. In the wake of fragile US-China trade relations, Taiwan’s policymakers have focussed on attracting investment and encouraging domestic manufacturers to establish operations back home.
This realignment of the supply chain has enabled Taiwan to integrate more deeply in Asia’s value chain, the report added.
Government schemes have attracted approved investments worth USD27.5 billion, of which official estimates indicate USD7.6 billion to be committed to active projects by end 2019. These business-friendly policies place Taiwan in a position to reap benefit of tech sector revival.
"Manufacturing surveys and production trend point to an incipient recovery. We expect Taiwan’s domestic indicators for exports and production to advance in H1 2020. Subsequently, the durability of the tech sector recovery will underpin the momentum through H2 2020," ANZ Research further commented in the report.
