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Shaktikanta Das has done well, says Global finance magazine
Reserve Bank Governor Shaktikanta Das received an ‘A+’ rating for the second consecutive year in the Global Finance Central Banker Report Cards 2024, according to a Global Finance Magazine press release.
The RBI posted on the social media platform X quoting the Global Finance Magazine report on Tuesday, August 20.
The Global Finance Magazine released the names of the central bank governors around the world who have earned “A+”, “A”, or “A-” in its Central Banker Report Cards for the year 2024.
The Global Finance report has been grading the central bank governors “A+” to “F” for their success in areas of inflation control, goals for economic growth of the country, stability of the nation's currency, and interest rate management since 1994, according to the official release. The report is released annually and grades central bank governors of close to 100 countries, territories, and districts.
War against inflation
“Central bankers have waged war against inflation over the past few years, wielding their primary weapon: higher interest rates. Now, countries around the world are witnessing the tangible results of these efforts, as inflation has dropped significantly,” said Joseph Giarraputo, the founder and editorial director of Global Finance, in the report.
“Global Finance’s annual Central Banker Report Cards honour those bank leaders whose strategies outperformed their peers through originality, creativity, and tenacity,” said Mr Giarraputo.
Shaktikanta Das received the “A+” rating along with two other central bank governors: Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland. This is Mr Das's second consecutive time receiving a positive rating.
Central bank governors who received the “A” rating in the Global Finance report were Roberto Campos Neto of Brazil, Rosanna Costa of Chile, Harvesh Kumar Seegolam of Mauritius, Abdellatif Jouahri of Morocco, Lesetja Kganyago of South Africa, Nandalal Weerasinghe of Sri Lanka, and Nguyen Thi Hong of Vietnam.
