look news india
Reserve Bank of India Governor Shaktikanta Das has been given an “A+” rating among global central bank chiefs for the second consecutive year. Prime Minister Modi praised the Governor, saying that this is a symbol of his leadership and congratulated him for this honour.
The only three central bank governors with an “A+” rating in the Global Finance magazine were RBI Governor Shaktikanta Das, Christian Ketel Thomsen of Denmark and Thomas Jordan of Switzerland. They were followed by Roberto Campos Neto of Brazil, Rosanna Costa of Chile, Harvesh Kumar Seegolam of Mauritius, Abdellatif Jouhari of Morocco, Lesetja Kganyago of South Africa, Nandalal Weerasinghe of Sri Lanka, Nguyen Thi Hong of Vietnam who got “A” ratings.
PM Modi congratulated
Prime Minister Narendra Modi wrote on social media, “Congratulations to the RBI Governor for this achievement and that too for the second time. This is a recognition of his leadership in the RBI and his work towards determining economic growth and stability.”
Shaktikanta Das has been rated by Global Finance magazine, which has rated central bank governors in its Central Banker Report Card 2024. Governors receiving the highest grades of “A+”, “A” or “A-” were announced by the magazine. The magazine covers central bank governors from nearly 100 countries, territories and districts, including the European Union, Eastern Caribbean Central Bank, Central African States Bank and West African States Central Bank.
How are rankings determined?
The magazine assigns grades from “A+” to “AF” based on success rates in inflation control, economic growth targets, financial stability and interest rate management. The founder and editor of Global Finance said that central banks have taken action against inflation in the last few years. In which they have used interest rates as the main weapon.