Central Banker Report Cards 2025

Global Finance magazine has released the names of Central Bank Governors who earned the highest grades, “A+”, “A” or “A-”, in the Central Banker Report Cards 2025.

The full Central Banker Report Cards 2025 grade list will appear in Global Finance’s October print and digital editions as well as online at GFMag.com.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 100 key countries, territories and districts, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Grades are based on an “A+” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability, interest rate management and political independence. (“A” represents an excellent performance, down through “F” for outright failure.)

“Most central bankers have spent the past few years battling inflation with their most effective tool: higher interest rates, though their mandates may differ from country to country. As inflation recedes, we’re beginning to see the results of those tough policy decisions,” said Global Finance founder and editorial director Joseph Giarraputo. “Our annual Central Banker Report Cards recognize those leaders who have not only delivered results but done so with independence, discipline, and strategic foresight.”

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Central Bank Governors earning an “A+” Grade

Denmark Christian Kettel Thomsen A+
United StatesJerome Hayden Powell A+
VietnamNguyen Thi Hong A+

Central Bank Governors earning an “A” Grade

Chile 
Rosanna Costa 
A
Costa Rica Roger Madrigal Lopez A
IndonesiaPerry Warjiyo A
JamaicaRichard Byles A
KenyaKamau Thugge A
MoroccoAbdellatif Jouahri A
ParaguayCarlos Carvallo Spalding A
PeruJulio Velarde Flores A
Sri LankaNandalal Weerasinghe A

Central Bank Governors earning an “A-” Grade

Cambodia Chea Serey A-
Czech RepublicAleš Michl A-
Dominican RepublicHéctor Valdez Albizu A-
EgyptHassan Abdalla A-
EthiopiaMamo Mihretu A-
European UnionChristine Lagarde A-
GuatemalaAlvaro Gonzalez Ricci  A-
MongoliaByadran Lkhagvasuren A-
PhilippinesEli Remolona A-
SerbiaJorgovanka Tabaković A-
SingaporeChia Der Jiun A-
South AfricaLesetja Kganyago A-
TaiwanYang Chin-long A-
UgandaMichael Atingi-Ego A-

For editorial information please contact Andrea Fiano, editor, at: afiano@gfmag.com

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