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RBI Governor ranked among top 3 global central bankers; Modi lauds Shaktikanta Das

  • 26 Aug 2024 11:20 AM
  • Political News

Reserve Bank of India (RBI) Governor Shaktikanta Das has been recognized as one of the top three central bankers in the world for the second year in a row by the US-based magazine Global Finance.

Das earned an ‘A+’ rating in the 2024 Global Finance Central Banker Report Cards, as announced by the RBI on X (formerly Twitter) on Tuesday.

“We are delighted to announce that RBI Governor @DasShaktikanta has been awarded an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024 for the second consecutive year,” the central bank stated in its post.

Prime Minister Narendra Modi also congratulated Das in a post on X, saying, “This acknowledges his leadership at the RBI and his efforts towards promoting economic growth and stability.”

In the report, released on August 19, Das secured the second position among the three central bank governors who received an ‘A+’ rating.

Denmark’s Christian Kettel Thomsen claimed the top spot, while Switzerland’s Thomas Jordan was ranked third.

Global Finance assigns grades on a scale from “A+” to “F” based on performance in areas such as controlling inflation, achieving economic growth objectives, maintaining currency stability, and managing interest rates.

“The annual Central Banker Report Cards honor those leaders whose strategies have excelled through innovation, creativity, and perseverance,” noted Global Finance in its statement. Joseph Giarraputo, the founder and editorial director of Global Finance, commented, “Over the past few years, central bankers have fought against inflation using their primary tool: raising interest rates. Now, countries around the world are reaping the benefits of these efforts as inflation has significantly decreased.”

Since 1994, Global Finance has published the Central Banker Report Cards each year, grading central bank governors from nearly 100 countries, territories, and regions, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.

 
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