The Central Bank of Taiwan published its February 2026 monetary aggregates and financial institution loans and investments data, showing faster year-on-year growth in both money supply and credit. M1B and M2 rose by 1.49% and 0.99% month on month on a daily average basis, while annual growth increased to 7.12% for M1B and 5.38% for M2. The central bank attributed the higher annual growth in M1B and M2 mainly to increased currency issuance around the Lunar New Year holiday and faster annual growth in bank loans and investments. Over January to February 2026, the average annual growth rates of M1B and M2 were 6.35% and 5.27%, respectively. Total outstanding loans and investments of monetary financial institutions increased by 1.03% month on month on a cost basis, and the annual growth rate rose to 7.37% from 6.71%, reflecting faster growth in bank claims on the private sector and the government. On an adjusted basis including life insurers and loans reclassified and written off by monetary financial institutions, annual growth was 5.94%, up from 5.53%. The next release of Financial Conditions covering March 2026 is scheduled for 16:20 on April 23, 2026.
Central Bank of Taiwan 2026-03-19
Central Bank of Taiwan reports February 2026 money supply and credit growth with M1B up 7.12% year on year and loans and investments up 7.37%
The Central Bank of Taiwan reported faster year-on-year growth in money supply and credit in February 2026, with M1B and M2 up 7.12% and 5.38% respectively and supported by Lunar New Year-related currency issuance and stronger bank lending and investment. Total outstanding loans and investments of monetary financial institutions rose 1.03% month on month, with annual growth increasing to 7.37%, driven by higher claims on the private sector and government.