Over the past few days, major central banks globally have announced massive monetary expansion plans while governments in European countries have announced a slew of fiscal stimulus plans to offset the huge drop in both supply and demand caused by the coronavirus epidemic.
While paperwork may seem excessive and some procedures outdated, Taiwanese banks share many of the same issues as their counterparts in other jurisdictions
By Paul Shelton
The board of Taiwan's central bank decided unanimously to raise the discount rate, the rate on refinancing of secured loans, and the rate on temporary accommodations to 1.375%, 1.75%, and 3.625%, respectively, effective from today. The decision was made at the bank's quarterly policymaking meeting on 17 March
The Financial Supervisory Commission says eighteen local banks are now offering bilingual services at their branches.
Taiwan's central bank yesterday raised policy rates by 0.125 percentage points and raised the reserve requirement ratios by 0.25 percentage points
The central bank is leaving key interest rates unchanged following its quarterly policy-making meeting
Taiwan's central bank has tightened credit controls for real-estate financing in an attempt to reign in speculation in Taiwan’s real estate market.