Nabiullina ahead of Yellen in the ranking of heads of Central banks

The head of the Bank of Russia Elvira Nabiullina was among the eight best Central bankers in the world by Global Finance magazine, ahead of the head of the Federal reserve system (FRS) the USA Janet Yellen. Nabiullina on the results of their work for 2016 has received the highest rating of a, while a year earlier it had a rating of B.

In addition to her highest ranking this year was assigned to the governors of Israel, Lebanon, Paraguay, Peru, the Philippines, Taiwan and the UK. The mark And got the head regulators of Jordan, Mexico, Morocco and the United States. Yellen gets a rating of A – for the second year in a row.

“Today the head of the Central Bank are forced to cope with unprecedented challenges against the backdrop of political unrest and low energy prices, and employment levels, which remain weak. Some of the heads of the Central Bank in more restricted circumstances than others. At the same time, some showed a remarkable flexibility in the conduct of policy selected”, — commented on the rating of 2016, the chief editor of Global Finance Joseph Giarraputo.

Global Finance rates the governors since 1994. The rating is awarded to the heads of the Central Bank in almost 75 countries, and also the head of the European Central Bank. The publication appreciates, in particular, the control of inflation, achievement of target indicators of economic growth, maintaining a stable exchange rate and control interest rates. The highest rating is A (excellent work), low — F (outright failure). This year, the lowest rating received only one head of the Central Bank — the head of the Central Bank of Venezuela Nelson Merentes.

Elvira Nabiullina, head of the Russian Central Bank from June 2013. In 2014, Forbes first included it in a rating “100 most powerful women in the world: Elvira was ranked 72-th place, becoming the only representative of Russia in the list (in 2015, she was ranked 71-th place in 2016 — 56-e). In September 2015, the magazine Euromoney named Nabiullina best leader among the heads of Central banks of the world in 2015.

In late August, the newspaper the Wall Street Journal called the Governor “voskresinnia” of the Russian economy. According to the interviewed investors, it is the main merit of the restoration of Russia’s investment attractiveness, which was severely damaged by the collapse in oil prices and after the introduction of Western countries ‘ economic sanctions against Russia in response to events in Ukraine. They, in particular, supported the decision of the Central Bank about cancellation of currency corridor and regular foreign exchange interventions in November 2014, as well as a sharp increase in the key rate.