Taiwan CBC discount rate (重貼現率)
Taiwan CBC discount rate (重貼現率) is 2 percent, in force since 22 Mar 2024. It was 1.875 percent before that. Last checked against the official source on 10 Sep 2026.
The Central Bank of the Republic of China (Taiwan)'s discount rate — the headline policy rate, being the rate at which the CBC rediscounts eligible bills for banks. Set by the Board of Directors and Supervisors at its quarterly monetary policy meeting (March, June, September, December). The CBC also sets two adjacent facility rates: the rate on accommodations with collateral (secured refinancing) and the rate on accommodations without collateral (temporary accommodations).
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| Current value | 2 percent |
|---|---|
| In force from | 2024-03-22 |
| Official source | Central Bank of the Republic of China (Taiwan) — key indicators, Discount Rate table (discount rate 2.000% effective 2024/3/22; rate on accommodations with collateral 2.375%, without collateral 4.250%), corroborated by the Monetary Policy Decision of the Board Meeting 2026 Q2 (18 June 2026) which kept all three rates unchanged |
| Last verified | 2026-09-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Discount rate raised to 2.00% on 21 Mar 2024, effective 22 Mar 2024 (a +12.5bp move), and held at every meeting since. The Board kept it at 2.00% at all 2026 decisions to date: 19 Mar 2026 (2026 Q1) and 18 Jun 2026 (2026 Q2); the accompanying facility rates are 2.375% (accommodations with collateral / secured refinancing) and 4.25% (accommodations without collateral / temporary accommodations). At the 18 Jun 2026 meeting the CBC revised its 2026 GDP growth forecast up sharply and projected 2026 CPI below 2%, but held rates and continued to lean on selective credit (macroprudential) measures on housing lending rather than the policy rate. Note the common account's phrase '重貼現率' is exactly right — this is the discount/rediscount rate, not an interbank target; Taiwan has no single overnight-target regime like Western central banks. The CBC 2026 Q2 press release: https://www.cbc.gov.tw/en/cp-448-192435-024f3-2.html Held at 2% for the eighth straight quarter at the 18 June 2026 Q2 Board meeting ('keep the discount rate, the rate on refinancing of secured loans, and the rate on temporary accommodations unchanged at 2%, 2.375%, and 4.25%'); Q3 decision expected ~mid-September 2026. ACCESS: table cells are td[data-th] > span - pattern-match near 'EFFECTIVE DATE OF CHANGE', not flat cell text.
Earlier values
| From | Value | Source |
|---|---|---|
| 2023-03-24 | 1.875 | Central Bank of the Republic of China (Taiwan) — Discount… |
| 2022-12-16 | 1.75 | Central Bank of the Republic of China (Taiwan) — Discount… |
Get it programmatically
curl https://asiaref.dev/v1/tw/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/tw/policy-rate/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/tw/policy-rateOther Taiwan series: Business tax (VAT) standard rate · VAT registration threshold · Minimum Wage (最低工資) · Public holidays · CPI inflation (year-on-year) · Profit-seeking enterprise income tax rate · Withholding tax rates · Statutory legal interest (法定利率) · Individual consolidated income tax brackets · Statutory social-insurance contributions · CBC NTD/USD interbank closing rate
The same figure elsewhere: Thailand · Türkiye · United Arab Emirates · Uzbekistan · Vietnam · all 28