Introduction to Central Banker Report Cards
Global Finance magazine has released its annual Central Banker Report Cards for 2025, grading the performance of central bank governors from nearly 100 countries, territories, and districts. The report cards evaluate the governors’ success in areas such as inflation control, economic growth goals, currency stability, interest rate management, and political independence.
Grading System
The grades are based on an "A+" to "F" scale, with "A+" representing an outstanding performance and "F" indicating outright failure. The grades are assigned by Global Finance’s editorial team, who assess the governors’ performance over the past year. The full list of grades will be published in the October print and digital editions of Global Finance, as well as online at GFMag.com.
Top-Performing Central Bank Governors
The central bank governors who earned the highest grades, "A+", "A", or "A-", are recognized for their excellent performance. The governors who received an "A+" grade are:
- Denmark: Christian Kettel Thomsen
- United States: Jerome Hayden Powell
- Vietnam: Nguyen Thi Hong
The governors who received an "A" grade are:
- Chile: Rosanna Costa
- Costa Rica: Roger Madrigal Lopez
- Indonesia: Perry Warjiyo
- Jamaica: Richard Byles
- Kenya: Kamau Thugge
- Morocco: Abdellatif Jouahri
- Paraguay: Carlos Carvallo Spalding
- Peru: Julio Velarde Flores
- Sri Lanka: Nandalal Weerasinghe
The governors who received an "A-" grade are:
- Cambodia: Chea Serey
- Czech Republic: Aleš Michl
- Dominican Republic: Héctor Valdez Albizu
- Egypt: Hassan Abdalla
- Ethiopia: Mamo Mihretu
- European Union: Christine Lagarde
- Guatemala: Alvaro Gonzalez Ricci
- Mongolia: Byadran Lkhagvasuren
- Philippines: Eli Remolona
- Serbia: Jorgovanka Tabaković
- Singapore: Chia Der Jiun
- South Africa: Lesetja Kganyago
- Taiwan: Yang Chin-long
- Uganda: Michael Atingi-Ego
Challenges Faced by Central Bankers
According to Global Finance founder and editorial director Joseph Giarraputo, most central bankers have spent the past few years battling inflation with higher interest rates. As inflation recedes, the results of these tough policy decisions are beginning to emerge. The Central Banker Report Cards recognize those leaders who have delivered results with independence, discipline, and strategic foresight.
Conclusion
The Central Banker Report Cards provide a unique insight into the performance of central bank governors from around the world. The report cards recognize the governors who have excelled in their roles, and provide a valuable resource for anyone interested in global finance and economics. By understanding the challenges faced by central bankers and the grades they receive, readers can gain a deeper appreciation for the complex world of international finance.
