BSP guv cited as one of world’s best central bank chiefs

Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been recognized as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards.

The prestigious annual ranking evaluates central bankers from nearly 100 countries, territories, and regions.

Governor Remolona completed his first year in office on 3 July 2024.

Global Finance released this month only the names of central bank leaders who received “A” ratings  —  from A+ to A to A-.

The full 2024 Central Banker Report Cards will be published by Global Finance in its October edition, available in both print and digital formats, as well as online at GFMag.com.

Joseph Giarraputo, founder and editorial director of Global Finance, remarked, “Central bankers have waged war against inflation over the past few years, wielding their primary weapon: higher interest rates.

Now, countries around the world are witnessing the tangible results of these efforts, as inflation has dropped significantly.”

He highlighted that the Central Banker Report Cards celebrate leaders whose strategies have excelled through creativity, originality, and resilience.

Three central bank leaders who received “A+” ratings  are from Denmark, India, and Switzerland;  seven given “A” ratings  are from Brazil, Chile, Mauritius, Morocco, South Africa, Sri Lanka, and Vietnam; while fifteen who earned “A” ratings are from Cambodia, Canada, Costa Rica, the Dominican Republic, the European Union, Guatemala, Indonesia, Jamaica, Jordan, Mongolia, Norway, Peru, the Philippines, Sweden, and the United States.

Global Finance magazine  editors, with input from financial experts, assess central bankers based on both objective and subjective factors, including monetary policy effectiveness, supervision of the financial system, asset purchase programs, forecasting accuracy, transparency, political independence, and success in meeting national mandates. An algorithm ensures consistent grading across regions, with ratings ranging from “A+” to “F”.

Global Finance, founded in 1987, reaches 50,000 readers across 193 countries, targeting senior corporate and financial executives responsible for key investment and strategic decisions at multinational firms and financial institutions.