Taiwan appoints deputy Yang Chin-Long as new central bank governor

[TAIPEI] Taiwan central bank deputy governor Yang Chin-long is to succeed governor Perng Fai-nan, signalling continuity in monetary policy.

Mr Yang, 64, will replace Mr Perng, one of the world's longest-serving central bank governors, cabinet spokesman Hsu Kuo-yung said at a briefing in Taipei on Thursday.

Selecting Mr Yang, a top lieutenant to Mr Perng who joined the central bank in 1989, signals policymakers are aiming for consistency and stability.

BLOOMBERG