ROC central banker rated ‘A’ by Global Finance

2014-09-10

ROC Central Bank Gov. Perng Fai-nan was once again rated one of the world’s best central bankers in 2014 by Global Finance magazine for his “excellent performance.”

In its annual survey of central banks in the world’s 70 key countries, the magazine handed Perng an “A” for success in areas such as currency stability, economic growth, inflation control and interest rate management.

Six other bank heads, from India, Israel, Malaysia, the Philippines, Saudi Arabia and Switzerland, also scored top marks.

According to the magazine, despite rising geopolitical risk in certain markets, the global economy is starting to recover, with central banks facing monetary policy challenges going forward as they try to boost growth while maintaining economic stability.

The report recognized the seven central bankers for their “determination to stand up to political interference and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services.”

This marks the 10th year in a row that Perng has been named one of the world’s best central bankers since he began the job in 1998, and his 11th “A” since first receiving the top honor in 2000.

Perng credited his achievement to all ROC nationals and his team at the bank. “I would not have been able to achieve this performance without their support over the years.”

Perng and his Malaysian peer Zeti Akhtar Aziz are the only two central bankers to have collected 11 “As” since New York-headquartered Global Finance started issuing the ratings in 1994.

Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=221381&CtNode=413)