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. source: Central Bank of the Republic of China (Taiwan)

Interest Rate in Taiwan averaged 1.80 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 April 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.

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Taiwan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.13 1.13 4.63 1.13 2000 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-06-18 08:30 AM 1.125% 1.125% 1% 1%
2020-09-17 08:20 AM 1.125% 1.125% 1.125% 1.125%
2020-12-17 08:35 AM 1.125% 1.125% 1.125% 1.125%
2021-03-18 08:10 AM 1.125% 1.125% 1.125% 1.125%


News Stream
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 Leaves Rate 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 December 17th 2020, as widely expected. Policymakers said would pay close attention to the pandemic outbreak, geopolitical risks and the changing US-China relationship. The central bank also raised GDP growth forecasts for 2020 (2.58 percent vs 1.6 percent predicted in September) and 2021 (3.68 percent vs 3.28 percent).
2020-12-17
Taiwan Leaves Monetary Policy Unchanged
The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on September 17th 2020, as widely expected. Policymakers noted that the economy is recovering from the impact of the coronavirus pandemic and forecast that domestic economic growth would gain stronger momentum in the second half of the year. The Committee projected that the GDP would expand by 1.6% this year, stronger than the previous estimate of a 1.5% growth, and by 3.28% in 2021. Policymakers said that inflation is expected to stabilize in the latter half of this year, supported by a rebound in international raw material prices and a pickup in domestic consumer spending. The Committee added that a continued accommodative monetary policy stance would help sustain price and financial stability and foster economic growth, and it will keep monitoring developments in Sino-US relations and the COVID-19 outbreak.
2020-09-17
Taiwan Leaves Benchmark Rate at 1.125%
The Central Bank of the Republic of Taiwan left its key discount rate steady at 1.125 percent on June 18th 2020, compared to market forecasts of 12.5bps cut. With the domestic outbreak kept under control and fiscal and monetary expansion starting to bear fruit, Taiwan's economic system has stayed broadly on track, policymakers said. Despite many uncertainties over the global economic outlook, domestic demand is likely to drive the economy towards a mild upturn. In addition, since muted inflation and weakening inflation expectations are expected to be transitory, prices are likely to stabilize in the second half of the year, the central bank added.
2020-06-18

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.