In July 2025, Taiwan's Broad M2 Money Supply experienced a year-on-year increase of 3.42%, reaching TWD 65,377 billion. This represents a slight deceleration from the 3.45% growth recorded in June. The primary factor contributing to this growth was the deferred income tax payments, which altered the timing of tax receipts compared to the previous year. Over the first seven months of the year, the average annual growth rate stood at 4.16%.