Taiwan

Taiwan Central Bank Holds Key Interest Rates Amid Steady Growth, Inflation

Taiwan’s central bank maintained interest rates unchanged again, delivering a third consecutive hold as it keeps a watchful eye on inflation and signs of overheating in the housing market, the Wall Street Journal reported. The Central Bank of the Republic of China (Taiwan) kept its benchmark discount rate at 2.000% on Thursday. It maintained secured and unsecured loan rates at 2.375% and 4.250%, respectively. The Taiwanese central bank attributed the hold to cooling domestic inflation and global economic conditions.
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Taiwan Central Bank Leaves Key Interest Rates Unchanged

Taiwan’s central bank held interest rates steady with a watchful eye on inflation, declining to join the U.S. Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy, the Wall Street Journal reported. The Central Bank of the Republic of China (Taiwan) kept its benchmark discount rate at 2.000% on Thursday, as expected in a poll of six analysts by The Wall Street Journal. It maintained its secured loan rate and unsecured loan rate at 2.375% and 4.250%, respectively.
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Russian Hackers Hit Taiwan Bourse, Bank in Surprise Attack

Russian hacker groups briefly disrupted Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co.’s website, exposing the vulnerability of the island to foreign cyberattacks, Bloomberg News reported. Two groups that go by the handles “NoName057” and “RipperSec” on Telegram swamped targeted websites with a so-called Distributed Denial of Service attack, which caused unstable connection issues for the platforms Thursday afternoon, the Ministry of Digital Affairs said Friday.
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