TAIPEI (TVBS News) — Taiwan's Central Bank (中央銀行) announced on Friday (Dec. 19) that it would maintain interest rates for the third consecutive quarter. The discount rate remains steady at 2%, the secured loans rate at 2.375%, and the short-term financing rate at 4.25%. This decision underscores a commitment to stabilizing the domestic housing market amid global economic uncertainties.
The bank's strategy comes in response to global trends of interest rate cuts following U.S. President-elect Donald Trump's election victory, which has introduced uncertainties into the global economy. By keeping rates unchanged, the bank aims to cool Taiwan's housing market while avoiding the pitfalls of following international trends blindly.
Central Bank Governor Yang Chin-long (楊金龍) emphasized the importance of the selective credit controls introduced in the second and third quarters. These measures are designed to mitigate potential impacts on the housing market from real estate policies. Governor Yang has reiterated that the effects of these controls require time for observation and will be subject to ongoing reviews.
