The Central Bank of Taiwan said on Thursday that it has decided not to change its key interest rates. The announcement was made at the conclusion of its quarterly policymaking meeting.
The central bank took into consideration the slowdown in global economic growth and negative growth in domestic output. The bank decided to maintain the discount rate at 1.875 percent, the rate of accommodations with collateral at 2.25 percent, and the rate of accommodations without collateral at 4.125 percent.
This is the 14th consecutive quarter since July 2011 where the central bank has retained the same interest rates, making it the longest stretch of sustained interest rates in Taiwan’s history. The bank’s decision is part of an effort to keep liquidity high and boost the local economy.