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.

Interest Rate in Taiwan averaged 1.85 percent from 2000 until 2019, reaching an all time high of 4.63 percent in December of 2000 and a record low of 1.25 percent in February of 2009. 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.

Interest Rate in Taiwan is expected to be 1.38 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 1.38 in 12 months time. In the long-term, the Taiwan Interest Rate is projected to trend around 1.38 percent in 2020, according to our econometric models.


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Taiwan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.38 1.38 4.63 1.25 2000 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-03-21 08:35 AM 1.375% 1.375% 1.375% 1.375%
2019-06-20 09:00 AM 1.375% 1.375% 1.375% 1.375%
2019-09-19 08:30 AM 1.375% 1.375% 1.375% 1.375%
2019-12-19 08:50 AM 1.375% 1.375% 1.375% 1.4%


News Stream
2019-09-19
Taiwan Holds Key Rate at 1.375%
The central bank of Taiwan left its key policy rate unchanged at 1.375 percent on September 19th 2019, as widely expected. Policymakers said that they will maintain accommodative monetary policy and added that will closely monitor developments in the US-China trade war, monetary policy trends of major economies, geopolitical situation, and the impact of global financial market changes on the domestic economic. The Committee noted a slowdown in domestic inflation and added that inflation outlook remains stable. Policymakers lowered its projections for inflation rate to 0.7 percent (vs 0.87 percent in August) for 2019 and the core inflation rate is seen at 0.56 percent (vs 0.76 percent in August projection). Inflation and core inflation for 2020 are expected to be at 0.88 percent and 0.77 percent, respectively. The Committee also revised its forecasts for Taiwan’s GDP growth to 2.40 percent from a previous 2.06 percent for 2019 and for 2020 the economy is expected to grow 2.34 percent.

2019-06-20
Taiwan Leaves Monetary Policy Unchanged
The central bank of Taiwan held its key policy rate at 1.375 percent on June 20th 2019, as widely expected. Policymakers said that internal demand continued to be the driver of economic growth. The Committee added that will pay close attention to the monetary policy trends of major economies, ongoing trade tensions between the US and China, geopolitical risks, and the impact of global financial market changes on domestic economic and financial situations. Policymakers lowered its forecasts for Taiwan’s GDP growth to 2.06 percent from a previous 2.13 percent for 2019. Inflation and core inflation for 2019 were also revised lower to 0.87 percent (vs 0.91 percent in March projection) and to 0.76 percent (vs 0.78 percent), respectively.

2019-03-21
Taiwan Keeps Rates Steady
The central bank of Taiwan left its key policy rate unchanged at 1.375 percent on March 21st 2019, matching market expectations. The bank said Taiwan's economy would likely expand at a somewhat slower pace this year due to lower global growth and persistent uncertainties over the international economic, trade, and financial prospects. In addition, the actual output remains below potential and inflationary pressures are expected to be subdued. Policymakers forecast Taiwan's GDP growth to be 2.13 percent in 2019, lower than the previous year. Inflation and core inflation for 2019 are seen at 0.91% and 0.78%, respectively.


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.

Taiwan Money Last Previous Highest Lowest Unit
Interest Rate 1.38 1.38 4.63 1.25 percent [+]
Money Supply M0 2074614.00 2063681.00 2216555.00 2557.00 TWD Million [+]
Money Supply M1 7470500.00 7360549.00 7470500.00 7081.00 TWD Million [+]
Interbank Rate 0.67 0.67 2.37 0.54 percent [+]
Money Supply M2 45847300.00 45766777.00 45847300.00 1149258.00 TWD Million [+]
Foreign Exchange Reserves 4781.26 4740.51 4781.26 0.71 USD Hundred Million [+]
Banks Balance Sheet 45465418.00 45115139.00 45465418.00 19818.00 TWD Million [+]
Loans to Private Sector 11791469.00 11759033.00 11791469.00 3818684.00 TWD Million [+]
Loan Growth 4.94 5.46 49.70 -3.95 percent [+]
Central Bank Balance Sheet 16159557.00 16557950.00 17104998.00 3100302.00 TWD Million [+]