The central bank of Taiwan lowered its key policy rate by 25bps to 1.125 percent on March 19th 2020, while markets were expecting a smaller 12.5bps cut. It was the first rate cut in more than four years, bringing borrowing cost to a new record low. Policymakers expect economic growth at 1.92% in 2020, below earlier forecasts of 2.57% and compared to 2.7% in 2019.
Interest Rate in Taiwan averaged 1.84 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 May 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 1.00 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.