Taiwan central bank says will act if necessary to maintain market stability

TAIPEI: Taiwan's central bank said on Tuesday it will adopt appropriate monetary policy when necessary to maintain the stability of prices of goods and the financial markets.

The central bank made the comment in a report to parliament as an escalating trade dispute between the United States and China has sparked fears of a global trade war and rattled financial markets. The countries are Taiwan's top trading partners.

The central bank also said Taiwan is relatively resilient to global capital movements, given its sufficient liquidity.

Central bank Governor Yang Chin-long is set to attend a parliament meeting on Thursday.