Taiwan Central Bank holds rates for 10th consecutive meeting, eases mortgage rules

The Central Bank of the Republic of China (Taiwan) (中央銀行) decided on September 17 to maintain its policy rate, keeping the discount rate at 2% for the 10th consecutive meeting. Despite diverging from the Federal Reserve's recent rate hike, the bank announced a relaxation of mortgage regulations, increasing the loan-to-value ratio cap for second homes from 60% to 70%, effective September 18. Additionally, the bank revised its 2024 economic growth forecast upward to 11.48%.