Taiwan's Central Bank Keeps Interest Rates Unchanged, Easing Restrictions on the Housing Market; Scholars Say This Will Exacerbate the K-Shaped Economic Downturn.

大纪元 Epoch Times

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While the US Federal Reserve raised interest rates due to inflation concerns, the Central Bank of Taiwan ultimately decided to hold rates steady at its board meeting, while also partially easing selective credit controls on construction companies. Scholars say that although the Central Bank of Taiwan claims monetary tightening, Taiwan's interest rate hikes have been slower and less frequent than international rates. The current easing of housing…