Reported 11 months ago
Due to changes in inflation structure and consecutive rate hikes by the central bank, the ultra-low interest rate environment in Taiwan is unlikely to return. The five major banks in Taiwan have seen a significant increase in their average loan interest rates, reaching a near 15.5-year high in May 2024. The recent average weighted interest rate for new loans from these banks was 2.187%, with rates for housing loans, capital expenditure loans, and working capital loans all on the rise. The central bank's decision to raise the reserve requirement by 1 basis point may further push loan interest rates up, according to Deputy Director of the Economic Research Division of the central bank, Cao Tiren.
Source: YAHOO