Central bank Governor Yang Chin-long speaks at a meeting of the legislature’s Finance Committee in Taipei yesterday. Photo: Chien Jung-feng, Taipei TimesThe NT dollar rose 1.38 percent against the US dollar last month. He said that the central bank does not have a defense in mind and the floated figure is purely a fabrication. Central bank Deputy Governor Chen Nan-kuang (陳南光) earlier this month wrote in The Taiwan Banker magazine that the central bank should put macro-prudential policies in place before expectations of property price increases take hold. The central bank would continue to closely monitor the property market, he said.

Source: Taipei Times October 15, 2020 15:56 UTC