Taiwan's CBC to maintain pro-growth monetary stance in H1-2015

Taiwan's central bank will announce their policyrate decisions on 26 March. No easing is expected like other Asian central banks. 

The recent trends in Taiwan's 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. 

Standard Chartered notes....

The lack of upside risk to domestic prices suggests that policy makers will maintain a pro-growth monetary stance in H1-2015.