Finance
Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has been named one of the world’s top three central bankers for the second year in a row by the US-based journal Global Finance.
Das was given a ‘A+’ rating in the Global Finance Central Banker Report Cards 2024, the RBI stated on X on Tuesday.
“We are pleased to announce that for the second consecutive year, RBI Governor @DasShaktikanta has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2024,” the central bank’s post stated.
Prime Minister Narendra Modi congratulated Das in a post on X. “This is a recognition of his leadership at the RBI and his work towards ensuring economic growth and stability,” Modi said.
Das was ranked second among the three central bank governors who received a ‘A+’ rating in the report released on August 19.
Denmark’s Christian Kettel Thomsen won first place, with Switzerland’s Thomas Jordan finishing third.
According to Global Finance, grades are issued on a “A+” to “F” scale based on accomplishment in areas such as inflation control, economic growth targets, currency stability, and interest rate policy.
“The annual Central Banker Report Cards recognize those leaders whose strategies have outperformed their peers through originality, creativity, and tenacity,” Global Finance’s statement highlighted,
Joseph Giarraputo, founder and editorial director of Global Finance, noted, “Central bankers have waged a battle against inflation over the past few years, using their primary tool: higher interest rates. Now, countries around the world are seeing the results of these efforts, as inflation has dropped significantly.”
Since 1994, Global Finance has published the Central Banker Report Cards every year, grading central bank governors from nearly 100 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.
Source:IE
