Taiwan's Inflation Climbs at the Slowest Pace Since Early 2021.

In Taiwan, inflation rose by 1.69% in October 2024, the slowest pace since March 2021, according to the statistics bureau in Taipei. Despite this, the central bank is maintaining a hawkish stance due to concerns about high home prices. Efforts to cool the property market include increasing bank reserve requirements and keeping benchmark interest rates at a 16-year high. Governor Yang Chin-long has suggested that rates may remain elevated if inflation stays between 1.5% to 2%. The next interest rate decision will be announced on December 19, 2024. [Extracted from the article]