Reported 8 months ago
On June 18, 2024, the Central Bank of Taiwan auctioned 10-year bonds with a successful bid rate of 1.675%, slightly lower than the previous auction in May. Banks showed strong interest in the bonds, with the bid-to-cover ratio reaching over 83%, the highest in a year and a half. The Central Bank recently decided to maintain interest rates but increased selective credit controls in the housing market and raised the reserve requirement for New Taiwan Dollar deposits by 0.25 percentage points. Despite the rise in reserve requirement effective from July 1, the bid rate for the 10-year bonds remained below the previous issuance. This move is seen as part of the Central Bank's monetary policies to manage liquidity effectively.
Source: YAHOO