Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                                     Release Date: January 23, 2026      

Financial Conditions (December 2025)

Monetary Aggregates   For the month of December 2025, the monthly growth rates of the monetary aggregates M1B and M2 (measured on a daily average basis) were 0.39% and 0.35%, respectively. The annual growth rates of M1B and M2 decreased to 4.85% and 5.00%, respectively. The decline in the M2 growth rate was mainly because of net capital outflows. For the year of 2025, the average annual growth rates of M1B and M2 were 3.56% and 4.54%, respectively.

Loans and Investments of Financial Institutions   At the end of December 2025, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 0.84%. Meanwhile, the annual growth rate increased from 5.94% at the end of the previous month to 6.21% mainly because of faster growth in bank claims on the private sector and the government. If loans and investments extended by life insurance companies and loans reclassified and written off by monetary financial institutions were taken into account, the total outstanding loans and investments of financial institutions would show an annual growth rate of 6.06%, higher than the 5.89% registered at the end of the previous month.

Notes: 1. The next Financial Conditions (January 2026) is scheduled for release at 16:20 on Feb. 26, 2026.

2. For the release schedule for the coming months, please check the Advance Release Calendar.