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Taiwan central bank says it will respond appropriately to economic uncertainty
Taiwan's central bank said on Tuesday it expects economic growth to decline and inflation to rise this year and that it will take appropriate steps in a timely way to respond to economic uncertainty. At its last quarterly meeting in March, the central bank unexpectedly raised the benchmark discount rate by 25 basis points (bps) to 1.375 per cent to help fend off inflation.It has repeatedly said it will head in a tightening direction this year, following other major economies, and that it sees inflation as a key criteria for rate moves. In its annual financial stability report, the central bank said globally growth ... (full story)