Central bank Governor Perng Fai-nan (彭淮南) was once again named one of the world’s best central bankers by Global Finance magazine for his achievements over the past year. It was also the 11th time that Perng received an “A” rating from the New York-based publication.
Perng shared the honor of the “World’s Top Central Bankers” with the bank governors of six other countries: India, Israel, Malaysia, the Philippines, Saudi Arabia and Switzerland.
Other than Perng, Malaysian central bank Governor Zeti Akhtar Aziz was also an 11th-time recipient of the honor.
“Global economies are starting to recover, despite rising geopolitical risk in certain markets,” Global Finance publisher Joseph Giarraputo said in the report. “Central bankers once again face challenging times in managing monetary policy to positively influence economic stability and growth — and some of the changes in our scores this year reflect those challenges.”
Global Finance surveys nearly 70 countries and the EU during its annual best central banker report.
The magazine did not rate US Federal Reserve Chair Janet Yellen in the survey on the grounds that it was “too early to say.”
European Central Bank President Mario Draghi received an “A-” for the second consecutive year.
People’s Bank of China Governor Zhou Xiaochuan (周小川) received a “B-” rating this year, up from the “C” he received last year.
Global Finance grades the performance of central bankers on a scale from “A” (excellent) to “F” (fail) in several areas, including inflation control, currency stability and interest rate management.
Bank officials’ ability to achieve economic growth targets, confront political interference and maintain policy transparency are also factored into the score.
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