Reported 7 months ago
The Central Bank held a joint meeting of directors and supervisors for the second quarter this year to address the ongoing high property prices and chaos in the New Qing'an area. Despite implementing credit control measures for individuals seeking a second property loan, there are concerns about the effectiveness in curbing the property market turmoil. Central Bank President Yang Chin-lung explained the limitation, emphasizing they cannot intervene in the territory of the Ministry of Finance. However, discussions are ongoing regarding potential complementary measures. The meeting highlighted the bank's focus on managing the property market to curb inflation expectations. While other central banks are contemplating interest rate cuts, Taiwan remains cautious due to its lower inflation rate.
Source: YAHOO