Energy Prices Push Inflation Expectations; Central Bank to Release CPI Forecast in June
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Central Bank Deputy Governor Yen Tzung-ta stated at the Legislative Yuan on the 20th that high international oil prices, influenced by the Middle East situation, have pushed up inflation expectations. He noted that if oil prices continue to rise, the central bank may need to revise its current 1.8% CPI growth forecast, which is based on an oil price of US$85 per barrel. The latest data will be released in June.