RBI Governor Shaktikanta Das Earns ‘A+’ Rating In Global Finance Report 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has once again received an ‘A+’ rating in the Global Finance Central Banker Report Cards for 2024. This marks the second consecutive year that Governor Das has been recognized with this top rating, reflecting his continued success in steering India’s monetary policy.

Global Recognition for Top Central Bankers

The announcement was made in a press release by Global Finance Magazine on Monday, August 19. The magazine’s annual report, which grades central bank governors from around the world, highlighted those who excelled in managing inflation, economic growth, currency stability, and interest rate policies.

Since its inception in 1994, the Global Finance report has been a benchmark for assessing the performance of central bank governors across nearly 100 countries, territories, and districts. The grading scale ranges from “A+” to “F”, with the top ratings reserved for those who have demonstrated outstanding leadership and effective policy implementation.

Das Among the Top Performers

Shaktikanta Das was one of only three central bank governors to receive an ‘A+’ rating this year, alongside Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland. This recognition underscores his effective management of India’s monetary policy amidst global economic challenges.

Global Finance’s Statement on Central Bankers

Joseph Giarraputo, founder and editorial director of Global Finance, acknowledged the challenges faced by central bankers in recent years, particularly in combating inflation through higher interest rates. He emphasized that the results of these efforts are now visible as inflation rates have dropped significantly across various countries.

“Global Finance’s annual Central Banker Report Cards honor those bank leaders whose strategies outperformed their peers through originality, creativity, and tenacity,” said Giarraputo.

Other High-Rated Governors

In addition to the ‘A+’ recipients, several other central bank governors were recognized with ‘A’ and ‘A-’ ratings. Governors who earned an ‘A’ rating include 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.

Those who received an ‘A-’ rating include Chea Serey of Cambodia, Tiff Macklem of Canada, and Jerome Hayden Powell of the United States, among others.

About Global Finance

Global Finance Magazine, founded in 1987, is a leading publication with a circulation of 50,000 and a readership spanning 193 countries and territories. The magazine is renowned for its in-depth coverage of the financial sector and its annual assessments of central bank governors, which have become a respected industry standard.

Governor Shaktikanta Das’s repeated recognition with an ‘A+’ rating highlights his continued leadership and the effectiveness of India’s monetary policies under his guidance.