Tetangco named one of the world’s Best Central Bankers for 2015
Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. was again named as one of the “Best Central Bankers” for 2015 by international business magazine Global Finance.
This is the fifth consecutive year Tetangco was given “A” grade for his leadership of the Philippine central bank in Global Finance’s Central banker Report Cards, recognizing also his vital role to the country’s economic growth.
Global Finance named Tetangco, along with the other eight heads of the central banks for their achievement in maintaining “sound monetary policies” amidst the global challenges.
Grade “A” represents an excellent performance.
Others in the list include
Miroslav Singer of the Czech Republic; Mario Draghi of European Union; Raghuram Rajan of India; Karnit Flug of Israel; Zeti Akhtar Aziz of Malaysia; Carlos Fernandez Valdovinos of Paraguay; Julio Velarde Flores of Peru; and Fai-Nan Perng Veerathai of Taiwan.
Tetangco and eight others even edged out US Federal Reserves Chair Janet Yellen, who was rated “Grade A-“by Global Finance.
“Global economies are starting to recover. This comes despite a number of challenges, including a strengthening US dollar and the end of the Federal Reserve’s easy money policy. Central bankers remain crucial in overcoming these hurdles,” Global Finance publisher and editorial director Joseph Giarraputo said.
“Sound monetary policies can dampen the effects of currency swings and rising interest rates—and thus spur economic growth. As our scores show, some central banks have fared better than others in devising such policies,” he added.
According to Giarraputo, Global Finance “grades also reflect the willingness of central bankers to stand up to political interference as well as their ability to influence government policies on spending and foreign investment.”
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 75 key countries (and the European Union) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management.