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Taiwanese central bank likely to stand pat in December - Scotiabank

The Taiwanese central bank, CBC, is set to meet for its rate decision on 21 December. According to a Scotiabank research report, the central bank is expected to keep its rate on hold at 1.375 percent given Taiwan’s benign inflation outlook, although the U.S. Fed is likely to hike its rate for the third time by 25 bps in December.

The consumer prices in Taiwan are expected to accelerate at a more rapid rate in December due to the base effect. The CBC has hiked the amount of a single 364-day NCD auction to TWD 170 billion starting from May to absorb excess onshore liquidity that has continuously pulled down the NCD auction yields.

In the meantime, the TWD has traded steadily with resilience in the past sessions, even though foreign investors have offloaded a total net USD 2.03 billion of local shares from 24 November to 6 December.

The USD/TWD pair is likely to trade higher in the coming weeks and is expected to reach the year-end forecast of 30.2 given continued equity outflows, rising geopolitical tensions on the Peninsula and the U.S. GOP tax overhaul plan, added Scotiabank.

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October 17 03:00 UTC Released

KRBroad Money

Actual

3725804.5 KRW

Forecast

Previous

3713635.6 KRW

October 17 03:00 UTC Released

KRMoney Supply Growth

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6.2 %

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6.2 %

January 31 00:00 UTC 373279373279m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 373279373279m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 385099385099m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 373279373279m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 385099385099m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 373279373279m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 373279373279m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 373279373279m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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