World Economy/Taiwan

🇹🇼

Taiwan

TWN

Asia-Pacific • Sovereign Currency: TWD

Analyze Taiwan with Schema AI

Nominal GDP

$0.81T

2024

Annual GDP Growth

+4.0%

YoY Q3 2024

Inflation (CPI)

1.7%

Oct 2024 YoY

Policy Rate

2.00%

Discount Rate

10Y Sovereign Yield

1.62%

10Y Taiwan Govt Bond

Unemployment Rate

3.4%

Sep 2024

Debt-to-GDP

26.5%

2024

Trade Balance

+$6.8B

Oct 2024

BLOOMBERG ECONOMICS MONETARY POLICY TRANSMISSION

🇹🇼CENTRAL BANK OF THE REPUBLIC OF CHINA (TAIWAN) POLICY DASHBOARD

Target Instrument: Discount Rate • Sovereign: Taiwan (TWN)

STANCE: neutral

Next Meeting: 2026-12-19

LOOSER CONDITIONSIN LINE WITH TARGETTIGHTER CONDITIONS

STATUTORY BENCHMARK

2.00%Unchanged (0 bps)

Discount Rate

REAL CARRY SPREAD (r - π)

+0.31%

Neutral Equilibrium

OVERNIGHT BENCHMARK (O/N)

N/A

Statutory money market fixing

YIELD CURVE SLOPE (10Y - r)

-0.38%

Inverted Term Structure

WAGES & PRICES2 METRICS

Headline CPI Inflation (YoY)Oct 2024 YoY

Anchored within standard statutory price stability corridor

DGBAS TaiwanRef

1.69%

LOOSER

Distance to Inflation Target (2.0%)Oct 2024 YoY

Inflation below 2% target anchor by 0.31 percentage points

DGBAS TaiwanRef

-0.31%

LOOSER

SUPPLY & DEMAND2 METRICS

Annual Real GDP Growth RateQ3 2024

Robust real economic expansion supporting labor demand

DGBAS TaiwanRef

3.97%

MILD LOOSE

Unemployment Rate (Labor Slack)Sep 2024

Tight labor market conditions with minimal civilian slack

DGBAS TaiwanRef

3.43%

LOOSER

FINANCIAL CONDITIONS4 METRICS

Discount RateDiscount Rate

Official statutory policy target rate set by Central Bank of the Republic of China (Taiwan)

Central Bank of the ROC (CBC)Ref

2.00%

IN LINE

Real Carry Rate (Policy - CPI)Calculated

Positive real return regime delivering restrictive monetary drag

Central Bank of the Republic of China (Taiwan) vs DGBAS Taiwan

+0.31%

IN LINE

10-Year Sovereign Benchmark Yield10Y Taiwan Govt Bond

Long-term sovereign borrowing benchmark discounting term premium & inflation risk

Taipei Exchange (TPEx)Ref

1.62%

LOOSER

Yield Curve Slope (10Y - Policy Rate)Calculated

Inverted yield curve by 0.38% signaling restrictive monetary drag

Sovereign Debt Desk vs Central Bank Target

-0.38%

TIGHTER

EXTERNAL & FISCAL2 METRICS

Current Account / Trade BalanceOct 2024

Trade balance surplus reinforcing sovereign foreign exchange buffer

Ministry of FinanceRef

+$6.8B

MILD LOOSE

General Government Debt / GDP2024

Fiscal debt load within statutory prudential headroom boundary

Ministry of FinanceRef

26.50%

LOOSER

HISTORICAL RATE DECISION TRAJECTORY (DISCOUNT RATE)

Verified Chronological Decisions

2026-10-09

2.00%

Policy Assessment Summary: Rediscount rate for commercial paper.

Key Domestic Equities & Capital Markets

Major corporate champions tracked in WOWS with sovereign economic exposure

Index: Taiwan Capitalization Weighted (TAIEX)

2330• Semiconductors

Taiwan Semiconductor (TSMC)

2317• Electronics Manufacturing

Hon Hai (Foxconn)

2454• Fabless Chip Design

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