China News Service, April 29th, according to Taiwan's "Central News Agency" report, Taiwan's "Central Bank" Board of Supervisors in March decided to raise interest rates by 1 yard without adjusting the housing market control measures.
However, according to the summary of the proceedings released on the 28th, some directors believe that the cumulative increase in real housing prices in Taiwan ranks among the top in the world, and more discussion should be made on selective credit control measures, suggesting that Taiwan's "central bank" may still have a fifth wave of housing market in the future. Control.
The minutes released by Taiwan's "Central Bank" on the 28th showed that most directors considered Taiwan's current economic environment and rising prices, and agreed to raise interest rates by 1 yard in March, and believed that raising interest rates would help dampen the heat of the housing market.
Although Taiwan's "central bank" board of supervisors did not adjust the housing market control measures in March, the summary of the minutes shows that the board of directors still discussed this issue that day.
A director pointed out that the latest data showed that in the fourth quarter of last year, regardless of the old houses or the new houses, the housing prices in various regions increased very high and much higher than that in the third quarter. There is a decline, but this includes the base period factor, so it remains to be seen whether there is indeed a downward trend. In terms of the concentration of real estate loans, it will continue to rise.
The director further pointed out that the annual growth rate of Taiwan's real house price index does not seem to be high, but in terms of the cumulative real house price increase in the past 20 years, Taiwan's cumulative real house price increase ranks among the top in the world; More discussion of selective credit control measures.
Another director pointed out that the main "metropolitan areas" have high housing prices, and people should pay close attention to the expected rise in inflation and want to buy a house to preserve its value.
According to reports, Yang Jinlong, president of Taiwan's "central bank", has publicly stated that limiting the loan ratio in specific regions "does not rule out one of the options."
According to the minutes of the first-quarter board of directors and supervisors meeting published by Taiwan's "Central Bank" on the 28th, it can also be found that the directors have indeed discussed the practice of restricting loans in hot areas, and if necessary, they can offer the fifth wave of selective credit control and restrict loans in hot areas. Also an option.
Some directors believe that the current selective credit control measures adopted by Taiwan's "central bank" have a relatively small scope of control, and in the future, they can think about extending the influence of selective credit policies to other aspects.
However, the director went on to say that, based on the experience of Taiwan's "Central Bank" in 2010 in implementing measures to regulate home purchase loans in specific areas of Shuangbei and Taoyuan, house prices were not revised down significantly at that time. In 2016, housing prices began to fall due to factors such as falling interest rates and a cooling stock market. In the future, even if Taiwan's "central bank" adopts stronger selective credit control measures, it still has reservations about whether housing prices can fall along with it.