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Economy

Taiwan hikes key rate for 2nd straight meeting as inflation surges

Consumer price index rose in May at fastest pace in nearly 10 years

A teller counts New Taiwan dollar banknotes at a bank in Taipei, on February 23, 2017.   © Reuters

TAIPEI -- Taiwan's central bank raised its benchmark interest rate on Thursday for the second consecutive quarter, as it joins other global monetary authorities in tightening policy to quell surging inflation.

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