Riad Salameh Named Among World's Best Central Bankers

  • Economics

Lebanon's Central Bank Governor Riad Salameh was ranked among the world's top central bank governors, according to Global Finance Magazine.

The annual Central Banker Report Cards grades central bank governors of countries all over the world on a scale of “A” to “F" based on success in areas such as inflation control, economic growth goals, currency stability and interest rate management.

Salameh was given an "A" grade for the second consecutive year.

Global Finance publisher and editorial director Joseph Giarraputo notes that central bankers today are tackling unprecedented challenges from political upheavals and low commodity prices as well as employment rates that remain weak despite record low interest rates.

"Wise monetary policy can mitigate the negative impacts of political and economic change, but requires stiff resolve to navigate competing interests and visions. As these scores demonstrate, some central bankers are more constrained by circumstance than others, while some have shown remarkable agility in driving policy," he stressed.

Source: Kataeb.org