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Taiwan's Central Bank deputy Yang to be appointed governor: source

2018/01/27 14:17:22

Yang Chin-long (楊金龍)

Taipei, Jan. 27 (CNA) Current deputy governor of Taiwan's Central Bank Yang Chin-long (楊金龍) is expected to take over the helm of the monetary authority once the term of incumbent head Perng Fai-nan (彭淮南) ends on Feb. 25, a source familiar with the matter told CNA on Saturday.

Amid speculation, including a Liberty Times report that Yang's appointment has been internally decided, a source in the know, who spoke on conditions of anonymity, confirmed that the current deputy chief will be appointed the next governor of the central bank.

This decision, which would make Yang the first person to have been promoted to governor from within the bank, has not been officially announced by Taiwan's Cabinet.

Cabinet spokesman Hsu Kuo-yung (徐國勇) said that once the decision on the candidate has been finalized, it will make the information public according to standard procedures.

Regardless of who becomes the next governor, President Tsai Ing-wen (蔡英文) expects the person to work well under pressure and work independently of political affiliations in order to maintain the stability of the country's economy, according to Presidential Office spokesman Sidney Lin (林鶴明).

The 64-year old Yang holds a Ph.D. in economics from the University of Birmingham and has worked at the Central Bank since 1989.

He has previously served as the chief representative at the Central Bank's London Representative Office, and deputy director-general and director-general of its Department of Banking.

(By Elaine Hou and Kuan-lin Liu)