Reported 7 months ago
On June 13, 2024, without prior notice, the central bank unexpectedly raised the reserve requirement by 1 basis point. Governor Yang Chin-lung stated that this aimed at managing quantity, leading to a contraction in bank lending amounts and an expected increase in market interest rates, effectively tightening credit. The move is estimated to recover over 120 billion dollars with each 1 basis point adjustment. Yang Chin-lung also discussed measures to control property speculation by investors and concerns regarding the real estate market's impact on inflation expectations.
Source: YAHOO