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1d ago
Goldman Sachs Predicts Interest Rate Hikes in Korea and Taiwan Due to AI Growth
May 11, 2026
AI Summary
Goldman Sachs forecasts that the economic growth driven by artificial intelligence in South Korea and Taiwan will lead to increased trade surpluses and pressure for interest rate hikes. Economists expect two rate increases in Korea and two in Taiwan later this year.
- South Korea and Taiwan are experiencing economic growth due to artificial intelligence advancements in the chip industry.
- Goldman Sachs economists predict this growth will increase trade surpluses for both countries.
- The firm anticipates that South Korea's central bank will raise interest rates by 25 basis points in both the third and fourth quarters of this year.
- In Taiwan, Goldman Sachs expects two rate hikes of 12.5 basis points in the second and fourth quarters.
aieconomytradeinterest ratessemiconductors