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Central Banker Report Cards 2009

Country: European UnionGrade: AOne of five bankers to receive an A, the EU's Jean-Claude Trichet was cited for a "gradualist" monetary policies that contained inflation while still supplying liquidity for the EU's banking system. Despite receiving heavy criticism, he avoided drastic rate cuts during the depth of the crisis. Although he has maintained a loose monetary policy, Trichet is again ignoring criticism and calls to raise interest rates, as he looks to ensure that Europe's economic recove

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Jean-Claude Trichet

Country: European Union
Grade: A

One of five bankers to receive an A, the EU's Jean-Claude Trichet was cited for a "gradualist" monetary policies that contained inflation while still supplying liquidity for the EU's banking system. Despite receiving heavy criticism, he avoided drastic rate cuts during the depth of the crisis. Although he has maintained a loose monetary policy, Trichet is again ignoring criticism and calls to raise interest rates, as he looks to ensure that Europe's economic recovery is fully in place.

Source: Global Finance; Photo: AP