Taiwan’s central bank cuts interest rates by 1.25%
The bank reported that ongoing weakness in global demand continues to weigh down the country’s trading activities, adding that the labor market is also showing unfavorable signs that will result in further declines in consumption. The unemployment rate rose to 3.94% in February from a record low of 3.73% in a year earlier.
An economist commented that the central bank aims to weaken the Taiwanese dollar or at least limit its appreciation to protect Taiwanese exporters against their Asian rivals.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets
- European PVC producers ungenerous in Turkey: Prices up 21% in a month