Taiwan’s Central Bank Governor Yang Chin-long Receives A- Grade

The Governor of Taiwan’s Central Bank, Yang Chin-long, has been awarded an “A-” grade by Global Finance magazine, an improvement from the “B+” he received last year. This recognition comes from the magazine’s annual Central Banker Report Cards, released on October 4, 2023, which assesses the effectiveness of central banks worldwide based on their policies and decisions.

Governor Yang’s Performance Over the Years

Yang Chin-long has been with Taiwan’s central bank since 1989 and has served as governor since 2018. His consistent performance has earned him an “A” grade in multiple years, specifically in 2019, 2020, 2022, and now 2023. He received an “A-” in 2021 and a “B+” last year. In contrast, his predecessor, Perng Fai-nan, stands out as the only central banker to achieve the top grade 14 times since the report’s inception in 1994.

The rankings are determined by Global Finance’s editorial team, who evaluate central bankers on various criteria, including inflation control, economic growth, currency stability, and interest rate management. The highest possible score is “A+”, indicating exceptional performance, while the lowest is “F”.

Global Rankings and Notable Achievements

This year, the top positions included Christian Kettel Thomsen from Denmark, Jerome Hayden Powell from the United States, and Nguyen Thi Hong from Vietnam, all receiving “A+” grades. Furthermore, central bank leaders from countries such as Chile, Costa Rica, Indonesia, Jamaica, Kenya, Morocco, Paraguay, Peru, and Sri Lanka were awarded “A” grades.

In total, 14 central bank governors, including Yang, were ranked “A-“, reflecting their effective management in the face of global economic challenges. This acknowledgment highlights the importance of sound monetary policy in maintaining economic stability.

Overall, Yang’s performance and the recognition from Global Finance underscore the critical role that central banks play in navigating complex economic landscapes, particularly in times of uncertainty. As Taiwan continues to adapt to changing global conditions, the leadership at the Central Bank remains pivotal in shaping financial policy and economic resilience.