Thanks to food prices relaxing a bit.
According to BBVA Research, Taiwan's inflation slowed to 2.36% y/y in October from 2.96% y/y in September, broadly in line with expectations.
"Easing food prices were partially behind the decline. The outturn, however, is unlikely to trigger an interest rates cut during Taiwan's central bank meeting in December, when we expect rates to stay unchanged," BBVA noted.
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