The Central Bank of the Republic of Taiwan held its key discount rate at a record low of 1.125 percent on September 23rd 2021, as expected. The Committee voted unanimously, arguing that the recent spike in inflation is a short-term phenomenon caused by lingering supply chain bottlenecks and the expansion in global demand. Accordingly, the central bank has raised its inflation and underlying inflation forecasts for 2021 to 1.70 percent (vs 1.60 percent previously) and 1.17 percent (vs 1.11 percent previously), respectively. Meanwhile, 2021 economic growth was revised higher to 5.75 percent (vs 5.08 percent previously), driven by booming exports of technology and transfer products, as global demand for semiconductor chips soared during recovery. Looking at 2022, the central bank put growth forecasts at 3.45% and set inflation expectations at 0.92%. source: Central Bank of the Republic of China (Taiwan)
Interest Rate in Taiwan averaged 1.79 percent from 2000 until 2021, 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 December of 2021.
Interest Rate in Taiwan is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Interest Rate is projected to trend around 1.38 percent in 2022 and 1.50 percent in 2023, according to our econometric models.