The Central Bank of the Republic of Taiwan raised its key discount rate by 25 basis points to 1.375% on March 17th 2022, in line with the US Fed rate hike in the previous day but surprising analysts, who widely expected the central bank to hold interest rates at a record low of 1.125%. The central bank said its move aimed at curbing inflation expectations, maintaining price stability, and assisting the overall economic and financial development of the policy objectives. Policymakers noted the recent sharp rise in commodity prices due to the war in Ukraine and that the headline inflation rate remained above 2% for seven straight months, as well as the recovery in demand for services. The central bank’s guaranteed loan facility rate and short-term facility rate were also raised by 25bps to 1.75% and 3.625%, respectively. Looking ahead, inflation is seen below 2% in the last quarter of 2022 and full-year economic growth was revised higher to 4.05%. source: Central Bank of the Republic of China (Taiwan)
Interest Rate in Taiwan averaged 1.76 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 May of 2022.
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. In the long-term, the Taiwan Interest Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.