Taiwan central bank says rate rises will depend on inflation – TODAY

TAIPEI :Taiwan central bank governor Yang Chin-long said on Wednesday inflation would slow by the third quarter and any rate rise decisions would depend on consumer price data. In a surprise move last month, the central bank raised its benchmark interest rate and by a much bigger margin than some expected, citing concerns about inflation, which have been driven by supply chain disruptions from the war in Ukraine. Taiwan’s March consumer price index (CPI) rose an on-year 3.27per cent, a more than nine-year high and the eighth month in a row it had increased beyond the central bank’s 2per cent…