Taiwan is likely to raise rates if inflation stays sticky, according to ING in a research note. The island's CPI rose to a 17-month high of 2.6% year over year in June amid a broad-based uptick in inflation, ING points out. "This level looks likely to be at or near the peak for the year, given the fall in energy prices and more favorable base effects in the coming months," it says. There will be a higher chance of a rate increase in the third quarter if inflation stays high, CE says. (tracy.qu@wsj.com)
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Taiwan Likely to Raise Rates if Inflation Stays Sticky — Market Talk
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Taiwan is likely to raise rates if inflation stays sticky, according to ING in a research note. The island's CPI rose to a 17-month high of 2.6% year over year in June amid a broad-based uptick in inflation, ING points out. "This level looks likely to be at or near the peak for the year, given the…