Reserve Bank of India (RBI) Governor Shaktikanta Das has been given an “A+” rating among all global central bank heads for the second consecutive year. Prime Minister Narendra Modi praised the governor and said that this is a recognition of his leadership and congratulated him for this honor.
The only three central bank governors who received an “A+” rating from the Global Finance magazine were RBI Governor Shaktikanta Das, Denmark’s Christian Ketel Thomsen and Switzerland’s Thomas Jordan. They were followed by Brazil’s Roberto Campos Neto, Chile’s Rosanna Costa, Mauritius’ Harvesh Kumar Seegolam, Morocco’s Abdellatif Jauhari, South Africa’s Lesetja Kganyago, Sri Lanka’s Nandalal Weerasinghe and Vietnam’s Nguyen Thi Hong who received an “A” rating.
Chea Serey of Cambodia, Tiff Macklem of Canada, Roger Madrigal Lopez of Costa Rica, Hector Valdez Albizu of Dominican, Christine Lagarde of European Union, Alvaro Gonzalez Ricci of Guatemala, Perry Warjiyo of Indonesia, Richard Biles of Jamaica, Adel Al-Sharqas of Jordan, Bayadron Lakhgvassuren of Mongolia, Ida Volden Bache of Norway, Julio Velarde Flores of Peru, Eli Remolona of Philippines, Erik Theden of Sweden and Jerome Hayden Powell of USA have received “A-” rating.
Shaktikanta Das’ rating has been done by Global Finance magazine, which rates central bank governors in its ‘Central Banker Report Card 2024’. The names of governors who received the highest grades of “A+”, “A” or “A-” were released by the magazine.
The magazine focuses on central bank governors from nearly 100 countries, territories and regions, including the Central Bank of the European Union, the Central Caribbean Bank, the Bank of Central African States and the Central Bank of West African States.
PM Narendra Modi congratulated
Prime Minister Modi wrote on social media, “Congratulations to the RBI Governor for this achievement and that too for the second time. This is a recognition of his leadership in RBI and his work towards ensuring economic growth and stability.”
How is the ranking decided?
The magazine provides rankings from “A+” to “AF” grades based on success rates in inflation control, economic growth targets, currency stability and interest rate management. Joseph Giarraputo, founder and editorial director of Global Finance, said that central bankers have taken action against inflation in the last few years, in which they have used interest rates as their main weapon.
Source (PTI) (NDTV) (HINDUSTANTIMES)