Central bank leaves rates unchanged

17 December, 2021

Courtesy of ICRT


The central bank is leaving key interest rates unchanged following its quarterly policy-making meeting.


It's the seventh consecutive quarter the bank has left interest rates unchanged.


The bank's discount rate remains at 1.125%, the lowest in history.


While the rate on accommodations with collateral is unchanged at 1.5% and the rate on accommodations without collateral remains at 3.375%.


The decision to leave interest rates unchanged had been expected.


Central bank governor Yang Chin-long had warned that raising interest rates before other economies would result in a surge in incoming funds and create chaos in Taiwan's foreign exchange market.


Yang also warned that it could result in overseas funds finding their way into Taiwan's real estate market and further push up home prices.

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