Perng the First Central Bank Governor Ranked “A” 9th Time

Taipei, Aug. 29, 2012 (CENS)--Taiwan's central bank governor F. N. Perng has been ranked the 8th consecutive year grade A this year by Global Finance, a New York-based global financial magazine, making the banker the only one to have won nine “A” grades globally if including such honor garnered in 2000.

In its annual report “2012 Central Banker Report Cards” Global Finance named Perng and five other global peers the world's best central bankers over the past year among central governors of 50 key countries and the European Central Bank.

The magazine rates bankers on an “A” to “F” scale for performance in inflation control, economic growth goals, currency stability, and interest rate management. (“A” represents excellent performance and “F” for outright failure.)

The five other grade-A ranked bankers include Bank of Canada Governor Mark Carney, Reserve Bank of Australia Governor Glenn Stevens, Bank of Israel Governor Stanley Fischer, Bank Negara Malaysia Governor Zeti Akhtar Aziz and Bangko Sentral ng Pilipinas Governor Amando Tetangco.

Perng's excellent control in currency stability and interest rate management is believed the main reason for his A grade this year. In contrast, People's Bank of China Governor Zhou Xiaochuan and Monetary Authority of Singapore Managing Director Ravi Menon are both rated “B-”, down from “B” ratings last year; while Bank of Korea Governor Kim Choong-soo receives another “C” for this year.

In 2009 Perng was also honored by the U.K.-based Banker Magazine as the best central governor in Asia. Besides, Perng helped the central bank in Taiwan score profits totaling NT$2.67 trillion (US$89 billion) during his 14-year service starting from 1998, not to mention steering Taiwan through the 2008 global financial crisis and steadfast combat against foreign speculation in the local currency market.