Poll -Taiwan central bank set to raise policy rate as inflation hits 10-year high

TAIPEI: Taiwan's central bank is likely to raise its policy rate again this week, according to all economists polled by Reuters, to help fend off inflation now at an almost 10-year high.

The central bank is likely to raise its benchmark discount rate by 12.5 basis points to 1.5% at its quarterly meeting on Thursday, according to the median forecast of 19 economists surveyed. The central bank unexpectedly raised the rate by 25 basis points to 1.375% at its last meeting, in March.