FX.co ★ Interest Rates in Taiwan Hold Steady in Q2 2024 at 2.000%

The Central Bank of Taiwan has maintained its interest rate at 2.000% for the second consecutive quarter, according to data updated on June 13, 2024. This decision comes on the heels of the first quarter of 2024, where the interest rate was also held steady at 2.000%.

Economic analysts had predicted a potential rate change given global economic uncertainties and domestic inflation metrics. However, the Central Bank has opted to keep the rate unchanged, signaling a period of economic stability and cautious optimism.

The announcement underscores Taiwan's commitment to sustaining steady economic growth and controlling inflation without the introduction of additional fiscal volatility. Financial markets are expected to respond positively to this news as investors gain confidence in the continuity of Taiwan's monetary policy.