Taiwan central bank says it will intervene if needed to ensure forex stability

TAIPEI, April 7 (Reuters) - Taiwan's central bank said on Monday that it will intervene if necessary to ensure the stability of the Taiwan dollar exchange rate and that it has "sufficient ability" to deal with fluctuations.

During previous crises like the COVID pandemic, the central bank said that it stabilised the market through "flexible and effective monetary policies and foreign exchange management" allowing Taiwan to safely weather the turmoil.