The central bank of Taiwan increased its key discount rate to 1.75% in December of 2022 from 1.625%, in line with market forecasts and pushing borrowing costs to the highest since 2015. Policymakers noted that although inflation declined in recent months, it is expected to remain above 2% this year before dropping to below 2% next year. The central bank Governor told that if it's certain that the inflation rate is below 2%, the bank will stop raising interest rates, although there is still a lot of uncertainty. Meanwhile, the Taiwanese economy is expected to grow at a slower pace next year, as exports and investment face headwinds from the anticipated global economic downturn compounded by rising downside risks. GDP growth was cut to 2.91% from 3.51% for this year and to 2.53% from 2.9% in 2023. source: Central Bank of the Republic of China (Taiwan)

Interest Rate in Taiwan averaged 1.75 percent from 2000 until 2022, 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 January of 2023.

Interest Rate in Taiwan is expected to be 1.80 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 1.70 percent in 2023 and 1.20 percent in 2024, according to our econometric models.

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Taiwan Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-16 08:50 AM 1.5% 1.375% 1.50% 1.45%
2022-09-22 09:00 AM 1.625% 1.5% 1.625% 1.65%
2022-12-15 08:40 AM 1.75% 1.625% 1.75% 1.8%
2023-03-23 08:30 AM 1.75% 2%
2023-06-15 08:30 AM 2%
2023-09-21 08:30 AM


Related Last Previous Unit Reference
Interest Rate 1.75 1.63 percent Dec 2022
Money Supply M1 10294000.00 10259100.00 TWD Million Nov 2022
Money Supply M0 2890086.00 2873473.00 TWD Million Nov 2022
Money Supply M2 57243298.00 56668203.00 TWD Million Nov 2022
Foreign Exchange Reserves 5549.32 5522.00 USD HML Dec 2022
Banks Balance Sheet 56485301.00 56382524.00 TWD Million Nov 2022
Loans to Private Sector 14853469.00 14821029.00 TWD Million Nov 2022
Central Bank Balance Sheet 19442884.00 19576895.00 TWD Million Dec 2022
Loan Growth 8.42 8.35 percent Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.63 4.63 1.13 2000 - 2022 percent Daily

News Stream
Taiwan Delivers Another Rate Hike
The central bank of Taiwan increased its key discount rate to 1.75% in December of 2022 from 1.625%, in line with market forecasts and pushing borrowing costs to the highest since 2015. Policymakers noted that although inflation declined in recent months, it is expected to remain above 2% this year before dropping to below 2% next year. The central bank Governor told that if it's certain that the inflation rate is below 2%, the bank will stop raising interest rates, although there is still a lot of uncertainty. Meanwhile, the Taiwanese economy is expected to grow at a slower pace next year, as exports and investment face headwinds from the anticipated global economic downturn compounded by rising downside risks. GDP growth was cut to 2.91% from 3.51% for this year and to 2.53% from 2.9% in 2023.
2022-12-15
Taiwan Raises Interest Rate
The central bank of Taiwan increased its key discount rate by another 12.5 bps to 1.625% in September of 2022, in line with market forecasts and pushing borrowing costs to the highest since 2016. It is the third rate hike this year, aiming to curb rising inflation despite an economic slowdown. The central bank also raised its reserve requirement ratios by 0.25 percentage points. On the growth front, policymakers lowered its 2022 estimate for GDP growth to 3.51% from 3.75% seen in June. Inflation forecasts were revised higher to 2.95% in 2022 from 2.83% predicted in June.
2022-09-22
Taiwan Raises Key Rate for 2nd Time
The central bank of Taiwan raised its key discount rate by 12.5 bps to 1.5% in June 2022, a second straight increase and pushing borrowing costs to the highest level since 2016. The move came in line with market expectations and follows the Fed's biggest rate hike since 1994. The central bank also signalled it will continue to adopt a tightening monetary policy stance, which will help strengthen the policy effect, curb domestic inflation expectations, and maintain price stability. Policymakers also revised inflation forecasts for this year higher to 2.83% (vs 2.37% expected in March) while GDP growth is seen lower at 3.75% (vs 4.05% seen in March).
2022-06-16