Taiwan - May raise interest rate to damp inflation, home prices

Taiwan will probably increase borrowing costs for the third time this year to curb gains in property prices and tackle accelerating inflation. Governor Perng Fai-nan will raise the benchmark interest rate by 0.125 percentage point to 1.625%, according to all 14 economists in a survey. Perng boosted the rate by the same amount in June and September from a record-low 1.25%. (Bloomberg)