The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on September 23rd 2021, as expected. The Committee voted unanimously, arguing that the recent spike in inflation is a short-term phenomenon caused by lingering supply chain bottlenecks and the expansion in global demand. Accordingly, the central bank has raised its inflation and underlying inflation forecasts for 2021 to 1.70 percent (vs 1.60 percent previously) and 1.17 percent (vs 1.11 percent previously), respectively. Meanwhile, 2021 economic growth was revised higher to 5.75 percent (vs 5.08 percent previously), driven by booming exports of technology and transfer products, as global demand for semiconductor chips soared during recovery. Looking at 2022, the central bank put growth forecasts at 3.45% and set inflation expectations at 0.92%. source: Central Bank of the Republic of China (Taiwan)

Interest Rate in Taiwan averaged 1.79 percent from 2000 until 2021, reaching an all time high of 4.63 percent in December of 2000 and a record low of 1.13 percent in March of 2020. This page provides the latest reported value for - Taiwan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Interest Rate in Taiwan is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Interest Rate is projected to trend around 1.38 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Taiwan Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-03-18 08:10 AM 1.125% 1.125% 1.125% 1.125%
2021-06-17 08:30 AM 1.125% 1.125% 1.125% 1.125%
2021-09-23 09:00 AM 1.125% 1.125% 1.125% 1.125%


Related Last Previous Unit Reference
Interest Rate 1.13 1.13 percent Sep/21
Money Supply M1 9732900.00 9562180.00 TWD Million Oct/21
Money Supply M0 2578672.00 2557133.00 TWD Million Oct/21
Money Supply M2 52804318.00 52786682.00 TWD Million Oct/21
Foreign Exchange Reserves 5473.32 5467.00 USD HML Nov/21
Banks Balance Sheet 52498040.00 52356043.00 TWD Million Oct/21
Loans to Private Sector 13573496.00 13629847.00 TWD Million Oct/21
Central Bank Balance Sheet 18916042.00 18827839.00 TWD Million Oct/21
Loan Growth 7.58 8.09 percent Oct/21

News Stream
Taiwan Keeps Rates Steady, Raises Growth Forecast
The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on September 23rd 2021, as expected. The Committee voted unanimously, arguing that the recent spike in inflation is a short-term phenomenon caused by lingering supply chain bottlenecks and the expansion in global demand. Accordingly, the central bank has raised its inflation and underlying inflation forecasts for 2021 to 1.70 percent (vs 1.60 percent previously) and 1.17 percent (vs 1.11 percent previously), respectively. Meanwhile, 2021 economic growth was revised higher to 5.75 percent (vs 5.08 percent previously), driven by booming exports of technology and transfer products, as global demand for semiconductor chips soared during recovery. Looking at 2022, the central bank put growth forecasts at 3.45% and set inflation expectations at 0.92%.
2021-09-23
Taiwan Holds Rate at 1.125%, Raises Growth Outlook
The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on June 17th 2021, as widely expected. The Committee noted that the inflation rate was on an upward trend, which should peak during the second quarter, and has raised its inflation forecasts for 2021 to 1.60 percent (vs 1.07 percent previously). The Board expected the economy to advance by 6.21% in the quarter ending June, slowing from an 8.92% surge in the previous period, due to the rapid rise in local infections and a softer pace of expansion in private consumption. Furthermore, the central bank revised higher the island nation’s economic growth projections to 5.08% for this year, from a prior 4.53% estimate.
2021-06-17
Taiwan Keeps Rates Steady, Raises Growth Outlook
The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on March 18th 2021, as widely expected. Policymakers raised its projections for inflation rate to 1.07 percent (vs 0.92 percent previously) for 2021 and the core inflation rate is seen at 0.77 percent (vs 0.71 percent). The Committee also revised its forecasts for Taiwan’s GDP growth to 4.53 percent from a previous 3.68 percent for 2021. The central bank said it will continue accommodative monetary policy.
2021-03-18

Taiwan Interest Rate
In Taiwan, interest rate decisions are taken by Central Bank of the Republic of China (Taiwan). The official interest rate is the discount rate on 10-day loans to banks.