By Sherry Qin

Taiwan's central bank held interest rates steady as cooling inflation and solid economic growth give it space to keep policy settings unchanged for now.

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 seven analysts by The Wall Street Journal. It maintained its secured loan rate and unsecured loan rate at 2.375% and 4.250%, respectively.

The Taiwanese central bank attributed the decision to cooling inflation and the global economic situation.

Thursday's move comes after the CBC surprised markets with a 12.5-basis-point hike in March to guard against risks to inflation.

Write to Sherry Qin at

(END) Dow Jones Newswires

06-13-24 0506ET