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From UPSC perspective, the following things are important :
Prelims level: Global Finance Central Banker Report Cards, 2024
Why in the News?
The Reserve Bank of India (RBI) Governor has been awarded an “A+” rating for the second consecutive year in the Global Finance Central Banker Report Cards 2024.
About the Global Finance Central Banker Report Cards
- The Central Banker Report Cards are published annually by Global Finance, a magazine that has been grading central bank governors since 1994.
- The report grades the central bank governors of nearly 100 countries, territories, and districts, including major institutions like the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.
- Grading Scale:
- The ratings range from “A+” for excellent performance to “F” for outright failure.
- The grades assess success in key areas such as inflation control, economic growth, currency stability, and interest rate management.
Significance
- This recognition highlights his exceptional performance in managing India’s monetary policy, particularly in areas such as inflation control, economic growth, currency stability, and interest rate management.
PYQ:[2016] ‘Global Financial Stability Report’ is released by which organisation? (a) European Central Bank (b) International Monetary Fund (c) International Bank for Reconstruction and Development (d) Organisation for Economic Co-operation and Development |
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