Reported 7 months ago
Central Bank announced its sixth round of selective credit control measures targeting specific regions by lowering the housing loan-to-value ratio from 70% to 60%, effective immediately. In addition, the reserve requirement was increased by 0.25 percentage points to 11.5%. The move aims to further regulate credit flow into the real estate market, following a period of increased property prices and lending risks. These measures come amidst a stable interest rate decision but amid concerns over rising inflation rates and the impact on the housing market.
Source: YAHOO