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.
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 July 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.