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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Taiwan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.13 1.13 4.63 1.13 2000 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 08:50 AM 1.375% 1.375% 1.375% 1.4%
2020-03-19 08:30 AM 1.125% 1.375% 1.25% 1.25%
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%


News Stream
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 Cuts Rates by 25bps
The central bank of Taiwan lowered its key policy rate by 25bps to1.125 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.
2020-03-19
Taiwan Leaves Monetary Policy Unchanged
The central bank of Taiwan held its key policy rate at 1.375 percent on December 19th 2019, as widely expected. Policymakers raised its 2020 economic growth forecast to 2.57 percent from 2.34 percent amid an improving export outlook. In November, annual inflation rate rose to 0.6 percent from 0.4 percent in the precious month.
2019-12-19

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.