Global Finance magazine has named the heads of the central banks of Malaysia, the Philippines and Taiwan as the World’s Best Central Bankers over the past year.
They achieved an “A” rating on Global Finance’s Central Banker Report Cards.
Bangladesh Bank governor Dr Atiur Rahman has been graded “C” in the report published on Sunday while the central bankers of Chile and the European Union earned “A-” ratings.
The Central Banker Report Cards, published annually by Global Finance since 1994, grades central bank governors of more than 50 key countries and the European Union on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management.
“A” represents an excellent performance down through “F” for outright failure. Subjective criteria also apply.
The world’s biggest economy the United States’ central bank chief Ben Bernanke was given “B+” rating while the second biggest economy China’s central bank chief Zhou Xiaochuan received a “C” rating.
About India’s new central bank head RaghuramRajan, the Global Finance magazine said it was “too early to say.”
Global Finance publisher Joseph Giarraputo notes: “As developed economies begin the gradual route to recovery and some of the largest emerging markets continue to slow, the world’s central bankers face a challenging time in managing monetary policy to positively influence economic stability and growth.”
“Every year, we assess the determination of central bankers to stand up to political interference and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services,” he added.
In 2012 report, Bangladesh Bank governor DrAtiur Rahman received the same rating “C.”
The report gave the central bank chiefs of Australia, Philippines, New Zealand, Malaysia and Taiwan “A” ratings.