Taiwanese monetary policy

Central Bank of the Republic of China (Taiwan)

September 29, 2016

Monetary officials agreed to leave Taiwan’s discount rate unchanged at 1.375%, which is an accommodative stance according to a statement released today. The interest rate was cut by 12.5 basis points at each of the previous four quarterly policy reviews stretching back to September 2015. Monetary stances have remained easy at the central banks in […] More

Central Bank Interest Rate Cut in Taiwan

March 24, 2016

The Board of the Central Bank of the Republic of China (Taiwan) meets on a quarterly basis and, as done last September and December, cut its three interest rates including the main rediscount rate by 12.5 basis points at this month’s review.  Three of the five 12.5-basis points hikes engineered between June 2010 and June […] More

Policy Easing at the Central Bank of the Republic of China

September 24, 2015

From Taipei today came word of the first central bank interest rate change there since June 2011, when the last of five straight 12.5-basis point hikes was engineered.  Like those moves, today’s action was decided at a regular quarterly monetary policy review.  Taiwan’s discount rate now falls back to 1.75% from 1.875%, and a statement […] More

Central Bank of the Republic of China Keeps Policy Unchanged after Quarterly Review

March 26, 2015

From a multi-decade low of 1.25%, monetary authorities raised the central bank discount rate at five consecutive meetings — starting in June 2010, ending in June 2011 and moving the rate each time by 12.5 basis points.  Since the June 2011 tightening, policy has been unchanged. That will continue in the second quarter of 2015.  […] More

Central Bank of the Republic of China (Taiwan)

December 26, 2013

After a quarterly review, Taiwanese monetary policymakers released a statement that justified keeping the country’s accommodative monetary policy.  The central bank interest rate has been 1.875% since five 12.5-basis point increases between mid-2010 and mid-2011.  The statement also reaffirmed a role for currency market intervention to counter disorderly market conditions. The interest rate level was […] More

Taiwan Monetary Policy Left Unchanged after Quarterly Review

September 26, 2013

The Central Bank of the Republic of China retained a 1.875% key interest rate.  It’s been at that level since the last of five 12.5-basis point hikes squeezed between June 2010 and June 2011.  Officials reaffirmed “the current policy stance is conducive to price and financial stability as well as economic growth,” noting in particular that […] More

Central Bank of the Republic of China (Taiwan): Policy Left Unchanged

March 28, 2013

Monetary policy is reviewed on a quarterly basis in Taiwan.  The benchmark interest rate is the discount rate.  It has been at 1.875% since a 12.5-basis point hike in June 2011, which culminated a series of five consecutive equal-sized increases that was begun in June 2010.  Earlier, the discount rate was slashed from 3.625% prior […] More

Unchanged Monetary Stance in Taiwan

December 19, 2012

The Central Bank of the Republic of China’s Board reviews monetary policy on a quarterly basis and has kept a 1.875% discount rate since a 12.5 basis point hike to that level in June 2011.  That was the fifth consecutive such increase from a 16-month-long trough of 1.25%.  In the Great Recession, the discount rate […] More

Pause Continuing in Taiwanese Monetary Tightening

September 20, 2012

The Board of the Central Bank of the Republic of China (Taiwan) left its discount rate at 1.875%.  It has been at that level since the last of five sequential quarterly increases in June 2011.  Each of those hikes amounted to 12.5%.  The discount rate earlier was slashed from 3.625% prior to September 2008 to […] More

Monetary Policy in Taiwan Left Unchanged

March 22, 2012

As decided at the prior two quarterly policy board reviews by the Central Bank of the Republic of China on September 29 and December 29, monetary officials decided to leave Taiwan’s 10-day lending rediscount rate unchanged at 1.875%.  The benchmark previously had been increased by 12.5 basis points each on June 25, October 1 and […] More

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