Taiwan's central bank maintains rates, increases reserve ratio, and updates inflation and growth forecasts.

Taiwan's central bank maintains interest rates amid receding inflation concerns and a solid economic outlook. The bank increases banks' reserve requirement ratio to slow credit flow into the real estate market. Inflation forecast for 2022 is reduced to 2.12% from 2.16% in March, and the 2024 economic growth projection is increased to 3.77% from 3.22%.