Reported 7 months ago
The Federal Reserve kept interest rates unchanged, and Taiwan's Central Bank followed suit by maintaining rates as expected, but unexpectedly raising the Taiwanese reserve requirement by 0.25 basis points. The Central Bank also adjusted the discount rate, collateralized loan rate, and short-term lending rate to 2%, 2.375%, and 4.25%, respectively. The decision came during the second quarter board meeting, with a focus on gradual economic growth and easing inflation. Despite not raising interest rates, the Central Bank aimed to manage credit quantity effectively through reserve requirement adjustments to mitigate credit resource flow to the real estate market.
Source: YAHOO