Reported 11 months ago
The Central Bank will hold its Q2 board of supervisors meeting on June 13, with a focus on two key points. The first is whether there will be another 'surprise' interest rate hike and the second is whether there will be further measures to address the overheated real estate market. Concerns over rising property prices and the potential formation of a bubble have led to speculation on potential actions by the Central Bank to control the market, with a focus on credit control measures. The market is anticipating one of three possible moves: further reducing mortgage loan-to-value ratios, expanding definitions of luxury homes in certain areas, or another interest rate hike. Additionally, discussions will center on indicators related to housing prices, bank regulations, and real estate loans, with a possibility of another interest rate hike considering recent inflation rates. Market experts are uncertain about the outcome of the meeting but expect measures to curb speculative activities in the property market.
Source: YAHOO