Author: Joseph Giarraputo

New York, September 28th 2009 - Global Finance magazine (website: has named the heads of the central banks of six countries—plus the European Central Bank president--as the world’s best central bankers over the past year.

The “Central Banker Report Card” feature, published annually by Global Finance since 1994, grades central bank governors of 30 key countries (and the ECB) on an “A” to “F” scale for success in areas such as infation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance down through “F” for outright failure.)

Subjective criteria also apply. Says Global Finance Publisher Joseph Giarraputo, “During one of the toughest years on record, the world’s central bankers were tested as never before. Every year, we try to assess the determination of central bankers to stand up to political interference and their efforts at forcing their governments to spend less, and to open their economies to foreign investment and fnancial services. This year however, special emphasis was given to each central banker’s performance in navigating his or her country through the worst fnancial crisis since the ‘30s.”


Only the Central Banker of Taiwan also scored an “A” last year. No “F”s were awarded this year.

The full list of central banker report cards is as below.


THE AMERICAS Grade This Year Grade Last Year
Argentina Martin Redrado C D
Brazil Henrique de Campos Meirelles B+ B+
Canada Mark Carney B


Chile José De Gregorio B B-
Mexico Guillermo Ortiz B B
United States Ben Bernanke C C-
Czech Republic Zdenek Tuma A B
European Union Jean-Claude Trichet A C
Hungary András Simor B B
Norway Svein Gjedrem C- B
Poland Slawomir Skrzypek B D
Russia Sergei M. Ignatiev C- D
Sweden Stefan Ingves C- B
Switzerland Jean-Pierre Roth B C
Turkey Durmus Yilmaz B C
United Kingdom Mervyn King B D
Australia Glenn Stevens A B
China Zhou Xiaochuan C B-
India Duvvuri Subbarao B N/A
Indonesia Darmin Nasution (acting governor) Too early to say N/A
Japan Masaaki Shirakawa B- N/A
Malaysia Zeti Akhtar Aziz A B
New Zealand Alan Bollard C D
Philippines Amando M. Tetangco Jr. B B
Singapore Heng Swee Keat B A
South Korea Lee Seongtae A B
Taiwan Fai-Nan Perng A A
Thailand Tarisa Watanagase C C
Israel Stanley Fischer A B
Saudi Arabia Muhammad Al-Jasser C N/A
South Africa Tito Mboweni B A

To read the full report click here