IMF Working Paper No. 2024/035 : A New Measure of Central Bank Independence

Authors propose 10 metrics to rate this independence:

1. Independence of the Chief Executive

2. Independence of the Highest Governing Body

3. Budgetary Independence

4. Independence in Formulating Monetary Policy

5. Primary Objective of the Central Bank

6. Long-Term Direct Lending to the Government

7. Short-Term Direct Lending to the Government

8. Financial Independence

9. Lending Outside the Financial System

10. Monetary Policy Audit

More in the article itself. Link to it: Link: https://www.imf.org/en/Publications/WP/Issues/2024/02/23/A-New-Measure-of-Central-Bank-Independence-545270?cid=em-COM-123-47951.