Stanley Fischer Named One Of World’s Top 10 Bank Chiefs

Leading financial magazine Global Finance named Bank of Israel Governor Stanley Fischer among the top ten World’s Best Central Bankers for the year 2010.

Fischer was praised after Israel weathered the global financial crisis far better than many other Western countries. Though Israeli growth dipped to below 1 percent in 2009, it started crawling back to between 3% and 4% towards the end of the year helped by strict fiscal policy and a balanced budget.

The magazine’s “Central Banker Report Card,” which has been published annually since 1994, grades Central Bank governors of 30 key countries, and the ECB, according to an “A” to “F” scale for their performance and success in areas such as inflation control, economic growth goals, currency stability and interest rate management.

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