Central Banker report card 2023: RBI governor gets A+
Central Banker Report cards 2023: Reserve Bank of India's Governor Shaktikanta Das has been named the world's top central banker by the US-based Global Finance magazine. Das received an 'A ' rating in the Global Finance Central Banker Report Cards 2023. Das is one of three central bank governors who have received an A rating.
According to a statement from Global Finance magazine, grades are assigned on a range of A to F for success in inflation control, economic growth goals, currency stability, and interest rate management.
An 'A' represents exceptional performance, whereas a 'F' represents complete failure. Das is followed by Switzerland's Governor Thomas J Jordan and Vietnam's Central Bank Chief Nguyen Thi Hong.
"Fighting inflation, which has been fueled by pent-up demand and disrupted supply chains, has everyone turning to their central bankers for help," it further stated.
According to Global Finance, the annual Central Banker Report Cards honour bank governors whose ideas outperformed those of their peers through originality, creativity, and tenacity.
Roberto Campos Neto of Brazil, Amir Yaron of Israel, Harvesh Kumar Seegolam of Mauritius, and Adrian Orr of New Zealand were among the central bank governors who received an 'A' grade.
Among the governors that received an 'A-' rating are Colombia's Leonardo Villar, the Dominican Republic's Hector Valdez Albizu, Iceland's Asgeir Jonsson, and Indonesia's Perry Warjiyo.
Since 1994, Global Finance has graded central bank governors from 101 countries, territories, and districts, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.
It should be noted that Das was named 'Governor of the Year' at the Central Banking Awards 2023 in London in June.
- With inputs from agencies