Taiwan central bank to take 'timely' steps to ensure financial stability

TAIPEI, May 29 (Reuters) - ‌Taiwan's central ​bank ​will take "timely" measures to ensure financial stability in the face of uncertainty over ‌U.S. tariffs, weakness in the Chinese economy ⁠and geopolitical conflict, it said on Friday.

• In its ‌annual financial stability report, ‌the central bank said the uncertainty could adversely affect global economic development and pose risks ​to Taiwan's own financial stability.

• The bank will closely monitor the potential impacts of these ⁠developments on Taiwan's economy and financial sector, and will take "timely and ​appropriate response measures to promote domestic financial stability," it said.

• The bank noted ​that it has kept interest ‌rates unchanged and has continued to adopt a flexible exchange rate policy ⁠to promote financial stability.

• Taiwan's tech-driven economy is expected to grow at its fastest pace in 16 ⁠years in 2026, the government statistics agency said on Friday, ​thanks to booming demand for artificial intelligence-related technologies.

• Taiwan plays an essential role in the global AI supply ‌chain for companies like Nvidia and Apple, led by the world's largest ‌contract chipmaker, Taiwan Semiconductor Manufacturing Co.

• Taiwan's stock ⁠market is also at ‌a historic high ​thanks to the AI boom.

(Reporting by Ben Blanchard and Liang-sa LohEditing by Tomasz ‌Janowski)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nigeria parliament boycotts South Africa events over anti-migrant attacks
• German union demands Volkswagen commitment to 2024 labour agreement
• Exclusive-Colgate-Palmolive seeks to divest some personal care brands, sources say