The central bank announced an interest rate hike of half a yard, and the leading bank of China, Taiwan Bank, took the lead in announcing the latest adjusted deposit rate.

(schematic diagram, data photo)

[Reporter Chen Meiying/Taipei Report] The central bank announced yesterday that it raised interest rates by half a yard (0.125%). Interest rates, among them, the one-year fixed deposit interest rate breaks 1.6%. If people deposit 1 million yuan, the interest rate will be 7,500 yuan more than last year before the interest rate was raised.

After the Bank of Taiwan fully reflected the central bank's interest rate hike of half a yard yesterday, it is expected that other public stock banks will follow suit.

As for whether the lending rate will be adjusted synchronously, as far as the mortgage rate is concerned, depending on the difference between monthly and seasonal adjustments for mortgage households, the response time will be relatively lagging, and the magnitude will also depend on changes in the benchmark interest rate.

Please read on...

The Bank of Taiwan pointed out that the central bank has raised the rediscount rate, guaranteed lending facility rate, and short-term facility rate by 0.125 percentage points each since the 24th.

In order to cooperate with the central bank's monetary policy and reflect the current market interest rate trend, after considering the market competition and capital situation, starting from March 27, the Bank of Taiwan will increase the general deposits of each day in NT dollars and more than 5 million yuan (inclusive) The advertised interest rates for time deposits and time savings deposits will be adjusted by 0.125 percentage points to fully reflect the rate hikes by the central bank, and the interest rates for demand deposits will be raised by 0.125 to 0.170 percentage points.

Bank of Taiwan's one-year fixed deposit rate broke 1.6%.

(Photo by reporter Chen Meiying)

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