PRICING PRESSURE:
The central bank could increase rates if inflation remained above 2% for the next six months, but there would be no additional selective credit controls
By Crystal Hsu / Staff reporter
Central bank Governor Yang Chin-long (楊金龍) yesterday said that a pre-emptive interest-rate increase could be appropriate if inflation is expected to remain elevated for an extended period, while indicating there would be no further tightening of mortgage credit controls.The remarks drew attention as the central bank is set to hold its quarterly monetary policy review on Thursday next week to assess domestic and global conditions, amid renewed geopolitical uncertainty and rising energy costs.Speaking at a meeting of the legislature’s Finance Committee, Yang said that early action could help avoid sharper adjustments later.
Central bank Governor Yang Chin-long speaks at a meeting of the legislature’s Finance Committee in Taipei yesterday.
