CTBC Financial Expects Central Bank to Hike Rate by 0.125% in June, Sees NTD Appreciating by Year-End
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At its Q1 investor conference on May 19, CTBC Financial Holding's President, Kao Li-hsueh, stated that the company internally expects Taiwan's central bank to raise interest rates by half a code (0.125%) in June, with another potential hike before year-end. Regarding the exchange rate, she anticipates the New Taiwan Dollar will appreciate, potentially reaching a range of 30 to 30.5 per U.S. dollar by the end of the year, driven by a strong stock market and tightening monetary policy.