Bloomberg: AI Chip Boom Drives Taiwan, South Korea Surpluses, May Force Central Bank Rate Hikes This Year
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Goldman Sachs economists predict that the AI chip boom will lead to record current account surpluses for Taiwan and South Korea, potentially forcing their central banks to raise interest rates later this year. South Korea is expected to see 0.25 percentage point hikes in Q3 and Q4, while Taiwan is projected for 0.125 percentage point hikes in Q2 and Q4.