Reserve Money (October 2026)

For the month of October 2026, the daily average balance of reserve money was NT$7,610.1 billion, a decrease of NT$76.5 billion from the previous month. Of the components, currency in circulation increased by NT$10.5 billion, while reserves deposited with the Bank decreased by NT$87.0 billion.

For the sources of change in reserve money, there were a number of expansionary factors, including interest payments on government bonds, redemption of Treasury bills, repayment of government debts, a net decrease in NCDs issued by the Bank, and the disbursement of various subsidies and centrally-allocated tax revenues. However, these effects were more than offset by contractionary factors such as tax remittances to the National Treasury, the issuance of government bonds, and government borrowings. As a result, the daily average balance of reserve money decreased from the previous month.

The annual growth rate of the daily average balance of reserve money decreased by 1.23 percentage points from 8.03% in the previous month to 6.80%. For the first ten months of the year, the annual growth rate of the daily average balance of reserve money was 7.20%, higher than 5.84% in the same period last year.

Note: The next Reserve Money (November 2026) is scheduled for release at 16:20 on December 11, 2026.