Halister News

(Bloomberg) -- Taiwan’s CPI seen rising at slower pace for first time in three months in March, according to economists’ forecasts.

• Consumer prices climbed 1.40% y/y following 2.40% increase in Feb., median est. in Bloomberg survey shows; ests. range from 0.20% to 2.10%; data due at 8:30am local time
• Feb. CPI median est. was +0.80%, data released on March 8 showed; Taiwan dollar fell 0.2% to 33.062 vs U.S. dollar that day
• Surge in prices in Feb. was fastest pace in three years as seasonal and weather factors impacted, according to statistics bureau, which maintained its 2016 forecast of 0.69% that was set in Feb.
• Taiwan dollar advanced 3.8% in March, biggest monthly gain since Feb. 2008; island’s currency fell 0.2% to 32.442 per U.S. dollar at close yesterday
• Taiwan’s central bank cut policy rate for third straight meeting last month, lowering by 12.5 bps to 1.50%