Monday, August 27, 2012

The 10 Worst Central Bankers In The World




Global Finance magazine is out with its annual report cards for the world's most central bankers. The grades, which range from A to F, are based on banker's success in controlling inflation, fostering economic growth, and managing interest rates. These 10 bankers have not been up to the task and score lowest according to Global Finance.

Mercedes Marcó del Pont, Argentina; 2012 Grade: D;  Core inflation: 9.8% (official number, independent estimates are higher); Unemployment: 7.5%;  Benchmark interest rate: 14.125%

Pedro Delgado, Ecuador; 2012 Grade: D; Core inflation: 5.09%; Unemployment: 5.19%; Benchmark interest rate: 0.2%;

Masaaki Shirakawa, Japan; 2012 Grade: C-; Core inflation: 0.2%; Unemployment rate: 4.4%; Benchmark interest rate: 0.1%;…

Duvvuri Subbarao, India; 2012 Grade: C;- Core inflation: 7.0%; Unemployment rate: 3.8%;  Benchmark interest rate: 8%...

Andras Simor, Hungary: 2012 Grade: C; Core inflation: 3.49%; Unemployment: 11%; Benchmark interest rate: 7%...

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