Taiwan's central bank held its benchmark discount rate at 1.375 percent on December 20th, where it has stood since June 2016, as policymakers voiced concerns about economic growth slowdown, trade weakness and volatility in financial markets due to the impact of the US-China trade conflict and the tightening of global financial conditions. The central bank trimmed its 2019 growth forecast to 2.33 percent vs 2.48 percent previously estimated. Interest Rate in Taiwan averaged 1.90 percent from 2000 until 2018, reaching an all time high of 4.63 percent in December of 2000 and a record low of 1.25 percent in February of 2009.
Interest Rate in Taiwan is expected to be 1.38 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Taiwan to stand at 1.50 in 12 months time. In the long-term, the Taiwan Interest Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.