Reported 7 months ago
At the second quarterly board meeting on June 13, the Central Bank announced that it would raise both the current and time deposit reserve requirements by 0.25 percentage points starting from July 1, implementing the sixth wave of credit control. The natural person's specific area maximum loan-to-value ratio for purchasing a second property is reduced to 60% for six cities and counties, effective from June 14. The interest rates remain unchanged with the discount rate, collateralized loans rate, and short-term lending rate set at 2%, 2.375%, and 4.25% respectively.
Source: YAHOO