Taiwan is implementing stricter credit control measures for housing despite decreasing inflation rates. These new measures are an attempt to curve the ever-increasing housing prices in Taiwan and associated high-risk loans.
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00:00Turning to a bit of finance news now, Taiwan's central bank wants to fight soaring housing
00:05prices with new rules on mortgages.
00:08The bank says the regulations will reduce the number of high-risk loans while also removing
00:13grace periods for first-time mortgage applications.
00:17Central bank authorities see high-risk home loans as a major risk factor for a housing
00:21bubble.
00:22The bank also decided to keep Taiwan's interest rates unchanged following the U.S. Federal
00:27Reserve's first cut in four years.
00:30It says fighting inflation is no longer a priority.