Friday, August 26, 2011

Zeti among top 6 central bankers in the world

KUALA LUMPUR: Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz has been named as one of the six World's Best Central Bankers over the past year by Global Finance magazine in its October issue.

She also maintained her 'A' grade rating.

The other five central bankers were Glenn Stevens from Australia, Stanley Fischer from Israel, Riad Salameh from Lebanon, Amando Tetangco Jr from the Philippines and Fai-Nan Perng of Taiwan.

In a statement Aug 25, Global Finance said the 'Central Banker Report Card' feature, published annually by Global Finance since 1994, grades Central Bank Governors of 36 key countries (and the ECB) on an 'A' to 'F' scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. ('A' represents an excellent performance down through 'F' for outright failure.)

Global Finance publisher Joseph Giarraputo said in this year's edition, during one of the toughest years on record, the World's Central Bankers were tested as never before.

'Every year, we assess the determination of Central Bankers to stand up to political interference, and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services,' he said.

US Federal Reserve Chairman Ben S. Bernanke received a 'C' in Global Finance magazine's annual grading of the world's central bankers.

Bernanke's grade was unchanged from last year, while outgoing European Central Bank President Jean-Claude Trichet was given a 'B-' after last year's 'A.'

Bank of Japan Governor Masaaki Shirakawa also received a 'C' while Mark Carney of Canada and the U.K.'s Mervyn King were both given a 'B.'



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