Taiwan Holds Benchmark Rate as Economy Roars on AI Frenzy

The Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, Taiwan.

Photographer: I-Hwa Cheng/Bloomberg

Taiwan held its policy rate for the seventh straight quarter — the longest stretch since 2021 — as the economy booms on global demand from AI developers for its tech products.

The monetary authority left the benchmark rate unchanged at 2%, according to a statement released after its quarterly meeting on Thursday. All 32 of the economists surveyed by Bloomberg News predicted the decision.