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TAIPEI, Sept 21 - Taiwan's central bank on Thursday flagged continued tight monetary policy as it keeps a close eye on inflation, and trimmed its 2023 growth forecast for the export-reliant economy.
Taiwan central bank Governor Yang Chin-long told reporters after a quarterly rate-setting meeting that growth would start to pick up from the fourth quarter with global trade recovering next year. The central bank, in a unanimous decision, left the benchmark rate at 1.875%, where it has stood since March, extending a pause in its current round of tightening which began in March of last year. It raised rates five times by a total of 75 basis points to rein in price pressures.The move follows the U.S. Federal Reserve's decision to keep interest rates steady on Wednesday, though it signalled policy would remain slightly restrictive for some time.
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