Reported 7 months ago
FTNN News Network, June 13, 2024, 6:45 AM: The Central Bank of Taiwan held its 2nd quarterly board meeting today and decided to keep the policy interest rate unchanged as expected. However, considering the recent fervent housing market, they introduced the 6th wave of selective credit controls by lowering the maximum loan-to-value ratio for second home purchases to 60% in Taipei, New Taipei, Taoyuan, Taichung, Tainan, Kaohsiung, Hsinchu County, and Hsinchu City. These measures will take effect from June 14. Additionally, the reserve requirement ratio for New Taiwan Dollar deposits has been raised by 0.25 percentage points. The Central Bank aims to further reduce credit resources flowing into the real estate market and monitor the effects of these measures on the housing market for financial stability and sound banking operations.
Source: YAHOO