Taiwan M2 Money Supply Growth Slows in March

The Broad M2 money supply in Taiwan increased by 5.38% year-on-year to a new record high of TWD 68,454 in February 2026, following a 5.16% rise in the previous month. The growth was mainly driven by increased money issuance and stronger lending and investment activity during the Lunar New Year holiday. Lending and investment by all monetary institutions accelerated to 7.37% from 6.71% in January, mainly due to faster growth in claims on the private sector and government debt. Including life insurance companies and adjusting for bad debt write-offs, the annual growth rate of lending and investment across all financial institutions increased to 5.94% from 5.53% in the previous month. On a monthly basis, the broad M2 money supply rose by 0.99% in February 2026.

The Broad M2 money supply in Taiwan increased by 5.16% year-on-year, reaching a new all-time high of TWD 67,785 in January 2026, following a 5% gain in the previous month. This growth was mainly driven by a rise in the annual growth rate of lending and investment, which climbed to 6.71% from 6.23% in December, led by higher growth rates in claims on the private sector, government, and public enterprises. On a monthly basis, the broad M2 money supply rose by 1.05% in January 2026.

The Broad M2 money supply in Taiwan increased by 5% year-on-year to a new all-time high of TWD 67,082 billion in December 2025, following a 5.11% gain in the previous month. Despite this increase, the slowdown in annual M2 growth was primarily driven by net capital outflows. For the full year, the average annual growth rate stood at 4.54%.