The Central Bank of Taiwan reported faster annual growth in monetary aggregates and financial institutions’ loans and investments in September 2026. Annual M1B growth rose to 7.20%, while M2 growth increased to 7.24%. The acceleration in M2 mainly reflected faster annual growth in bank loans and investments and the temporary placement of funds raised overseas by enterprises. Measured on a daily average basis, M1B and M2 increased by 1.02% and 0.97%, respectively, from the previous month. Annual growth in monetary financial institutions’ outstanding loans and investments rose to 9.79% at the end of September from 9.43% in August, mainly because of faster growth in bank claims on the private sector, government enterprises and the government. Outstanding loans and investments, measured on a cost basis, increased 0.77% from the previous month. A broader measure incorporating life insurers’ loans and investments and loans reclassified and written off by monetary financial institutions showed annual growth of 8.06%, up from 7.69% in August.
Central Bank of Taiwan reports annual M2 growth of 7.24% as lending and investment growth accelerates
The Central Bank of Taiwan reported that annual M1B and M2 growth accelerated to 7.20% and 7.24%, respectively, in September 2026. Faster growth in bank loans and investments, alongside enterprises’ temporary placement of funds raised overseas, drove the increase in M2 growth. Annual growth in monetary financial institutions’ outstanding loans and investments reached 9.79%, up from 9.43% in August.