Reported 12 months ago
The Central Bank of Taiwan raised the interest rate by half a percentage point in mid-March, increased the reserve requirement ratio by one percentage point in June, starting in July. The central bank has maintained a moderate tightening pace and gradually adjusted the market funds. In June, it significantly reduced the issuance of fixed deposits by over 180 billion yuan, releasing excess funds into the market. The balance of outstanding fixed deposits at the end of June reached a new low since April 2020. The central bank continues its 'take money with one hand, give money with the other' approach, with recent reductions below 8 trillion yuan. The bank actively issues 7-day, 28-day fixed deposits, as well as 91-day and 182-day fixed deposits periodically, serving as tools to address changing short-term market fund demands.
Source: YAHOO