The award, presented by Global Finance in Washington DCUSA, recognized the excellent performance and effective leadership of the RBI Governor in leading India’s premier bank through complex economic challenges.

In a social media post on X, RBI posted, “Governor @DasShaktikanta has been awarded A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event organized today in Washington DC, USA”.

The Central Bank Report Cards, published annually by Global Finance since 1994, assess the central bank governors of nearly 100 key countries, territories and districts, as well as the European Union, the Central Bank of the Eastern Caribbean, the Bank of Central African States and the Central Bank of African States from the West.

Grades are based on an “A+” to “F” scale for success in areas such as inflation control, economic growth targets, currency stability and interest rate management.

“A” represents excellent performance, down through “F” for total failure. Along with Das, Denmark’s Christian Kettel Thomsen and Switzerland’s Thomas Jordan also received an A+.

Brazil’s Roberto Campos Neto, Chile’s Rosanna Costa, Mauritius’ Harvesh Kumar Seegolam, Morocco’s Abdellatif Jouahri, South Africa’s Lesetja Kganyago and Sri Lanka’s Nadalal Weerasinghe were among those who received the award. A note. Christine Lagarde from the European Union received an A- grade.

“After a difficult 2023, when geopolitical pressures combined with tight monetary conditions to create an almost stagflationary environment in the euro area, the central bank managed to move much closer to its 2% target with successive price index readings consumer price index (CPI) below 3. % from February this year to 2.4% in August,” noted Global Finance about Lagarde’s mandate.

US Fed President Jerome Hayden Powell received an A-. According to the Global Finance website, “The Fed has debated in excruciating and sometimes confusing detail throughout this year when and whether to cut its benchmark rate from a 23-year high of 5.5%, a level it has held since July 2023. In September, the Fed finally steered the monetary ship toward easing policy, with a 50 basis point cut that was at the high end of forecasts.”

“Before the rate cut, economists agreed that the confusion in the markets was a case of bad communication on the part of the Fed, but Powell’s overall handling of policy was praised. The Fed has appropriately changed its tone in response,” he continued.

However, he also noted that more substantial easing in the coming months will be crucial to avoid a policy blunder and ensure Powell’s legacy. Powell’s term as second-term Fed chairman ends on May 15, 2026.

Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories.