Reported 7 months ago
Central Bank announced the implementation of the sixth wave of credit control starting tomorrow, reducing the 'second household loan restriction' from 70% to 60% in the six major cities and Hsinchu. Honorary Chairman of the National Commercial Association and Chairman of the Xianglin Group Lai Cheng-yi expressed concern that tightening the loan restriction could lead to disputes in housing purchases, urging for a thorough consideration to avoid causing retrospective impact. The central bank will also raise the reserve requirement ratio for time and demand deposits by 0.25 percentage points effective July 1, in an effort to further moderate credit flow into the real estate market.
Source: YAHOO