Reported 7 months ago
During a meeting of the Board of Directors earlier today, the Central Bank decided to freeze interest rates without adjustment, maintaining the rediscount rate, secured loan and short-term loan rates at 2%, 2.375% and 4.25%, respectively. Additionally, the bank will increase the reserve ratio for New Taiwan Dollar deposits by 0.25 percentage points starting July 1st. Alongside this, the Central Bank introduced the sixth round of selective credit control measures for the real estate market, reducing the maximum loan-to-value ratio for second home purchases in specific areas from 70% to 60% starting June 14th. These measures aim to cool down the housing market and manage credit resources efficiently.
Source: YAHOO