Interest Rate in Taiwan

Taiwan Interest Rate | Economic News & Forecasts

Taiwan - Interest Rate

Central Bank keeps rates unchanged in December

At its monetary policy meeting on 19 December, the Board of Directors of Taiwan’s Central Bank unanimously decided to leave the discount rate unchanged at 1.375%, as expected by market analysts. The discount rate has remained at this level since June 2016.

In its communiqué, the Board highlighted currently muted inflation levels, and commented that price pressures look set to remain mild due to relatively low international oil prices. The Bank thus reduced its inflation forecast to 0.8% for 2020. As such, a rate hike was not warranted. However, the Bank also commented positively on solid domestic demand and a recent pick-up in exports amid trade diversion owing to the U.S.-China dispute, raising its growth projection for 2020 to 2.6% as a result. As such, monetary loosening was not called for either.

In its communiqué, the Bank stated that “a continued accommodative monetary policy stance will help ensure price stability and foster sound development of the economy and the financial sector”. Looking forward, the majority of our panelists envisage rates remaining unchanged through to the end of 2021.

The next monetary policy meeting is set for 19 March.

Overall, FocusEconomics Consensus Forecast panelists see the discount rate at 1.37% at the end of 2020 and 1.38% at the end of 2021.

Taiwan - Interest Rate Data

2013   2014   2015   2016   2017  
Policy Interest Rate (%)1.88  1.88  1.63  1.38  1.38  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Taiwan Interest Rate Chart


Taiwan Interest Rate
Note: Central Bank discount rate.
Source: Central Bank of China.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

  • Taiwan: Industrial production soars in December

    January 22, 2020

    Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.

    Read more

  • Taiwan: Economic activity accelerates in Q4

    January 21, 2020

    The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.

    Read more

  • Taiwan: Inflation accelerates in December

    January 7, 2020

    Consumer prices increased 0.04% in December compared with the previous month, contrasting the 0.41% decrease in November.

    Read more

  • Taiwan: Exports and imports both climb in December, while trade surplus declines

    January 7, 2020

    Merchandise exports increased 4.0% in December in annual terms, following November’s 3.3% expansion.

    Read more

  • Taiwan: Manufacturing PMI ends the year on a positive note

    January 2, 2020

    The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, rose to 50.8 in December from 49.8 in November, thus moving above the 50-threshold and signaling the first improvement in operating conditions in over a year. The improvement came amid an uptick in the amount of new work received by manufacturers, ending a 15-month run of contraction.

    Read more

Search form