Reported 7 months ago
During the second quarter board of directors meeting held by the central bank on June 13, 2024, policies regarding interest rate increases and property market control were discussed. The board unanimously agreed to maintain the policy interest rate, adjust selective credit control measures, and increase the reserve requirement for New Taiwan Dollar deposits by 0.25 percentage points. In response to the growing property market transactions, the central bank will lower the maximum loan-to-value ratio for purchasing a second home in specific areas to 60%, effective from June 14. The board also addressed the global economic growth, inflation trends, and the impact of various external factors on Taiwan's economic and financial future.
Source: YAHOO