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.
Interest Rate in Taiwan averaged 1.82 percent from 2000 until 2020, 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 October of 2020.
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 1.13 in 12 months time. In the long-term, the Taiwan Interest Rate is projected to trend around 1.25 percent in 2021 and 1.38 percent in 2022, according to our econometric models.