USDTWD.ai Taiwan Macro Atlas

Taiwan central-bank discount-rate cycle, 2020–2024

CBC’s discount rate rose from a pandemic low of 1.125% to 2.000% by March 2024.

What the Data Shows

This timeline shows Taiwan’s monetary tightening path as a series of small policy steps. The cycle moved from a pandemic low to 2.000% over multiple meetings rather than through a single large adjustment. The sequence is useful for reading Taiwan’s rates, mortgage and FX backdrop.

Data table

2020 Low 1.125%
Mar 2022 Start 1.375%
Jun 2022 Step 2 1.500%
Sep 2022 Step 3 1.625%
Dec 2022 Step 4 1.750%
Mar 2023 Step 5 1.875%
Mar 2024 High 2.000%

Sources

Source 1: Discount Rate

Publisher: Central Bank of the Republic of China (Taiwan)

Dataset/table: CBC key indicators discount-rate table

Units: Percent

Date checked: 2026-05-07

Status: verified

Note: CBC lists discount-rate changes including 1.125% in 2020 and 2.000% effective 2024/3/22.

Data notes & caveats

The discount rate is one CBC policy rate; the table also lists secured refinancing and temporary accommodation rates.

CBC lists discount-rate changes including 1.125% in 2020 and 2.000% effective 2024/3/22.

Methodology

Use CBC’s published discount-rate table. Each milestone shows the effective date and resulting discount rate. The total change is the March 2024 level minus the March 2020 level.