ROC central banker rated ‘A’ by Global Finance

2015/08/27

ROC Central Bank Gov. Perng Fai-nan was named one of the world’s best central bankers for the 11th year running by Global Finance magazine.

In its latest survey of central banks in the world’s 74 key countries and territories, the New York-based magazine awarded Perng an “A” for achieving currency stability, economic growth, inflation control and interest rate management. His counterparts from the Czech Republic, EU, India, Israel, Malaysia, Paraguay, Peru and the Philippines also scored top marks.

Perng, who credited the honor to all ROC nationals and his team at the bank, said he could not have delivered the sterling performance without their support over the years.

According to the magazine, the global economy continues to recover amid such challenges as a strengthening U.S. dollar and end of the Federal Reserve’s easy money policy.

“Central bankers remain crucial in overcoming these hurdles,” the magazine said, adding that sound monetary policies can bolster economic growth by offsetting the impact of currency fluctuations and rising interest rates.

The report also recognized the nine central bank heads for their willingness to stand up to political interference and ability to influence government policies on spending and foreign investment.

Perng received his first “A” in 2000, with the latest one being his 12th since taking charge of the bank in 1998. Zeti Akhtar Aziz of Malaysia is his only other peer to have collected as many top grades.

Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=234231&ctNode=413)