Once again, Bank of Israel Governor Prof. Stanley Fischer was named as one of the world’s top ten central bank chiefs in Global Finance magazine’s annual Central Banker Report Card.
Fischer was given an ‘A’ grade along with colleagues Durmus Yilmaz (Central Bank of Turkey), Lee Seongtae (Bank of Korea), Jean-Claude Trichet (European Central Bank) and Glenn Stevens (Reserve Bank of Australia).
New York-based Global Finance grades central bank heads in 30 selected countries on a scale of A to F for success in areas such as economic growth goals, inflation control, interest rate management and currency stability.
On an annual basis, the magazine assesses the determination of central bankers to withstand political interference and their successes in reducing government spending and opening up their economies to foreign investment and financial services.
Saudi Arabia’s Muhammad Al-Jasser scored a ‘B’ grade which was an improvement from 2009’s ‘C.’
Ben Bernanke of the US, scored a ‘C’ grade, just as he did in 2009.