New Taiwan DollarDevaluation pressure has increased sharply, which may contribute to inflationary pressure. According to the central bank’s forecast,New Taiwan DollarIf the dollar depreciates to 30 yuan, it is estimated that this year’s CPI annual growth rate will rise to 0.16 to 0.33 percentage points, and the CPI will be depreciated to 31.92 yuan in the fourth quarter, and the CPI is still within the controllable range.
The central bank said that domestic inflation is mainly caused by the surge in international raw materials, which is “imported inflation”.New Taiwan DollarThe exchange rate once morest the US dollar in the first 8 months depreciated by 3.15% compared with the same period last year, making theNew Taiwan DollarThe annual growth rate of denominated import prices climbed to 17.70%, an increase of 3.85 percentage points.
The central bank said frankly,New Taiwan DollarThe devaluation will increase the domestic imported inflation pressure, but the inflation pressure is still within the controllable range.New Taiwan DollarIt depreciated by 3.15% compared with the same period of last year, and it is estimated that it will contribute regarding 0.10~0.19 percentage points to the annual increase of CPI, but the impact is relatively limited.
According to central bank estimates, it is assumed thatNew Taiwan DollarThe exchange rate depreciated from the average price of 28.02 yuan last year to the average price of 29.5 yuan this year. It is estimated that this year’s CPI annual growth rate will increase by 0.12 to 0.25 percentage points. If it is further depreciated to 30 yuan, it is estimated that it will increase by 0.16 to 0.33 percentage points.
Take the first 8 months of this yearNew Taiwan DollarCalculated once morest the average price of the US dollar exchange rate of 29.04 yuan, if the average annual price depreciates to 29.5 yuan, the average price from September to December is 30.42 yuan; if it depreciates to 30 yuan, the average price from September to December is 31.92 yuan, in other words,New Taiwan DollarDown to 31.92 yuan, inflation is still under control.
forNew Taiwan DollarExchange rate, Central Bank President Yang Jinlong emphasized that the exchange rate is determined by market supply and demand.New Taiwan DollarThe market believes that the appreciation of the US dollar to 27 yuan is normal, but now it has depreciated to 31 yuan, which everyone also thinks is normal.
