RBI Governor Shaktikanta Das elected top central banker for the second consecutive year
Reserve Bank of India Governor Shaktikanta Das was ranked the top central banker globally for the second consecutive year by the US-based Global Finance magazine. “Pleased to announce that for the second consecutive year, RBI Governor Shaktikanta Das has been rated ‘+’ in the Global Finance Central Banker Report Cards 2024”, the RBI said in a post on ‘X’.
Shaktikanta Das has been placed at the top of the list of three central bank governors, which are rated an E+. According to a statement from Global Finance magazine, grades are given on scales ranging from A to F for success in inflation control, economic growth goals, currency stability and interest rate management. Grade ‘A’ is given for excellent performance, while ‘F’ is given for complete failure. Christian Kettle Thomson of Denmark, Shaktikanta Das of India and Thomas Jordan of Switzerland have been ranked in the ‘+’ category of central bankers.
Global Finance’s annual Central Banker Report Card honors bankers whose strategies surpassed their peers through originality, creativity, and perseverance. These backers used high interest rates as their major weapon. With the help of their concerted efforts, a significant decline in inflation rate was recorded in countries around the world. The Central Banker Report Card, published annually since 1994 on behalf of Global Finance, is graded to central bank governors of nearly 100 countries, territories and districts, including the European Union, Eastern Caribbean Central Bank, Bank of Central African States and Central Bank of West African States.
Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on achieving the top rating in the global ranking of central bankers. The PM praised the RBI Governor for recognizing his leadership. “Congratulations to RBI Governor Shri Shaktikanta Das for this achievement, and that too for the second time”, he said on X. This is recognition of his leadership in the RBI and his work towards ensuring economic growth and stability.
