News Snapshot:
Authorities in Taiwan may need to take action to prevent cash flows generated by global pandemic support measures causing a local property-market bubble, one of Taipei’s most senior policy makers has warned. Writing in the October edition of The Taiwan Banker magazine, Chen Nan-kuang, deputy governor of Taiwan’s central bank, warned that small, open economies such as Taiwan’s are vulnerable to easing measures by the world’s leading central banks. Citing South Korea’s struggle to rein in soaring prices, he said it will be difficult to counteract bullish sentiment with policy measures if property buyers are convinced that prices will only...
