TAIPEI, March 23 (Reuters) - Taiwan's central bank
raised its policy rate on Thursday in a surprise move reflecting
continued concerns about inflation despite recent turmoil on
global financial markets.
The central bank raised the benchmark discount rate by 12.5 basis points (bps) to 1.875%.
Economists in a Reuters poll had expected the central bank
to stand pat, though eight of the 24 economists surveyed
expected the central bank would lift the rate to 1.875%.
(Reporting by Liang-sa Loh and Faith Hung; Writing by Ben
Blanchard; Editing by Jacqueline Wong)
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