Taiwan Halts Daily Forex Intervention, Shifts to Quarterly Reports

Taiwan's central bank will no longer publish daily data on its foreign exchange interventions. Starting immediately, it will issue reports only once every three months. The bank confirmed the policy change this week. It stated the move aligns Taiwan with "international standards" used by most major economies. Daily market interventions will continue, but the public will not see the figures until months later. Analysts say frequent disclosure can hinder a central bank's ability to stabilize its currency. By switching to quarterly reports, Taiwan's monetary authorities gain more operational flexibility. They can buy or sell U.S. dollars to influence the New Taiwan dollar's value without immediate public scrutiny. This change comes as global currency markets face high volatility. The U.S. Federal Reserve's interest rate policy has caused significant shifts in capital flows worldwide. Taiwan's central bank has been actively defending its currency against rapid depreciation in recent months. The new reporting schedule increases transparency over the long term but reduces short-term market signals. Investors and economists must now wait longer to gauge the scale of the bank's market activities.