ET 05:49

Taiwan Central Bank Vows Timely Steps to Shield Financial Stability Amid US Tariff, China Risks

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Taiwan's central bank announced May 29, 2026, it will take timely steps to ensure financial stability, flagging risks from U.S. tariffs, China's economic slowdown and geopolitical tensions. In its annual financial stability report, the bank said it has kept interest rates unchanged and continues a flexible exchange rate policy to buffer shocks. It pledged to monitor external impacts and respond appropriately. Separately, the government statistics agency projected the tech-driven economy will grow at its fastest pace in 16 years in 2026, fueled by AI demand. The stock market is at historic highs, with TSMC supplying global giants Nvidia and Apple.

EditorThomas Ho