Taiwan M2 Money Supply Rises to New High

Taiwan’s broad M2 money supply increased 6.45% year-on-year to a new all-time high of TWD 69,196 billion in April 2026, following a 5.79% rise in March. The increase was primarily due to net capital inflows and faster growth in bank loans and investments. Lending and investment by all monetary institutions rose to 8.61% from 7.64% in the previous month, amid higher growth in bank claims on the private sector and government enterprises. Including life insurers and adjustments for bad-debt write-offs, the annual growth rate of lending and investment by all financial institutions increased to 7.06% from 6.13%. In the January–April period, M2 growth averaged 5.70%.

Taiwan’s broad M2 money supply rose 5.79% year-on-year to a fresh record high of TWD 68,771 in March 2026, following a 5.38% increase in the previous month. The expansion was mainly driven by stronger money issuance and faster growth in lending and investment. Lending and investment by all monetary institutions picked up to 7.64% from 7.36% in February, supported by firmer growth in claims on the private sector and public enterprises. Including life insurers and adjustments for bad-debt write-offs, the annual growth rate of lending and investment by all financial institutions edged up to 6.13% from 5.92%. On a monthly basis, M2 increased 0.46% in March, easing from 0.99% in February.

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.