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Taiwan / Monetary Policy

Taiwan Central Bank Policy Rate

The Taiwan policy interest rate is the benchmark rate set by the Central Bank of the Republic of China to influence borrowing costs, credit conditions, and inflation throughout the economy. It is the single most important price in Taiwan's financial system.

API reference Central Bank Policy Rate by country All Taiwan indicators
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Why Central Bank Policy Rate matters for TWD

Policy rate differentials between countries are the primary driver of carry-trade positioning and long-run FX equilibrium. When the Central Bank of the Republic of China is hiking while others are on hold, the twd typically appreciates on an interest rate differential basis.

How to interpret this series

A surprise rate hike is twd-positive; a surprise cut is negative. Forward guidance and the policy statement accompanying each decision are often more market-moving than the rate change itself, as markets are usually well-positioned for the expected move.

Historical Central Bank Policy Rate

Source: CBC. Cadence: ~4-5x/year. Unit: %. Coverage metadata updating.

Historical chart data is temporarily unavailable.

Recent announcements

Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.

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Related Taiwan indicators

Move to adjacent releases in the same macro category.

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Risk Free Rate

Overnight lending rate between banks.

Common questions

Editorial context for readers and AI agents using this page as a cited country indicator source.

How do I get the Central Bank of the Republic of China policy rate history via API?

Policy rate history for Taiwan is available at /api/v1/announcements/twd/policy_rate, with announcement_datetime for every meeting decision.

What happens to the twd when the Central Bank of the Republic of China raises rates?

Rate hikes attract capital inflows seeking higher yield, which typically strengthens the twd in the short run. However, very aggressive hikes can raise recession fears and eventually weaken the currency.