Taiwan policy rate to remain at 1.875% for the next 16 quarters

The Taiwan central bank (CBC) is scheduled to hold its next quarterly policy meetingon 26 March.

Standard Chartered says...

• We expect policy makers to keep the policy rediscount rate unchanged at 1.875% for a 16th straight quarter. 
  
  
• Recent trends in industrial production, overseas orders, unemployment, and consumer confidence show that the recovery has spread from tech exports to the wider economy. 
  
  
• Furthermore, the recent sharp fall in global oil prices has capped headline inflation, which was likely negative in y/y terms for a second consecutive month in February. 
  
  
• The lack of upside risk to domestic prices suggests that policy makers will maintain a pro-growth monetary stance in H1-2015.