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Taiwan Central Bank Raises Rates by 12.5bps vs. Exp. Unchanged

TAIWAN
  • Taiwan raises rates by 12.5bps to 1.875% vs. Exp. Unchanged at 1.750% they also lower their 2023 GDP forecast to 2.21% from 2.53%, CPI forecast raised to 2.09% from 1.88%.
  • The bank state that the policy move is to curb inflation expectations.

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