Taiwan M2 Money Supply at Fresh Record High

Taiwan’s broad M2 money supply rose 5.79% year-on-year to a fresh record high of TWD 68,771 in March 2026, following a 5.38% increase in the previous month. The expansion was mainly driven by stronger money issuance and faster growth in lending and investment. Lending and investment by all monetary institutions picked up to 7.64% from 7.36% in February, supported by firmer growth in claims on the private sector and public enterprises. Including life insurers and adjustments for bad-debt write-offs, the annual growth rate of lending and investment by all financial institutions edged up to 6.13% from 5.92%. On a monthly basis, M2 increased 0.46% in March, easing from 0.99% in February.

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