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. 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 August of 2021.
Interest Rate in Taiwan is expected to be 1.13 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 1.25 in 12 months time. In the long-term, the Taiwan Interest Rate is projected to trend around 1.25 percent in 2022 and 1.38 percent in 2023, according to our econometric models.