Taiwan Set for Rate Decision as Worries Linger Over Home Prices.

Taiwan's central bank is expected to maintain its benchmark interest rate at 2%, the highest level since 2008, despite a global trend of rate cuts. The bank may also introduce measures to control property prices, such as reducing the amount of money available for purchasing second homes. The central bank has expressed concerns about the real estate market and has met with local banks to discourage property-related lending. Inflation in Taiwan has exceeded the central bank's comfort level of 2%, driven by rising rents. Despite strong economic growth driven by demand for AI-related technologies, Taiwan expects growth to slow in the future. Rising prices and stagnant wages have also impacted household earnings. [Extracted from the article]