HomeInsideRaghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

Raghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

Reader's Pick

RBI’s ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for the post at Bank of England.”

Speaking in an interview on BBC, when Sarah Montague anchor of HardTalk show, asked about “the governor’s post at the Bank of England.”

Raghuram Rajan said, “He is perfectly happy with his job,” and “that’s not a diplomatic answer, it’s the truth,” he said.

Adding more on this, Rajan said that “I’m perfectly happy and I haven’t applied for any job.”

- Advertisement -

“Rajan who now teaches at Chicago Booth School of Business has served as the Governor of RBI, and also as chief economist at IMF, was one of the top contenders for the post.”

When Rajan, was asked that if he was approached to apply for the post, would he accept it? to which Rajan said, “I believe that the central banker’s job has become much more political in recent times.”

“And for the best, the country should have somebody who understands the political structure of the country and who can navigate that,” Rajan said.

When the interviewer asked Rajan that “If he would able to understand the politics of the United Kingdom and the challenges of the Brexit.”

- Advertisement -

To which Rajan told the interviewer that, “It’s obvious that, I’m an outsider and I have little understanding of the deep ebbs and the flows of the politics in this country.”

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

India’s export-import ecosystem needs robust logistics support: Nisschal Jaain, CEO of Shypmax

India’s burgeoning export-import ecosystem requires robust logistics support.

Turno snaps $13.8 Mn from B Capital & Quona Capital

Turno, an India-based commercial electric vehicle (EV) distributor, and financi...

How Software Technologies are Driving Business Growth in India

The pandemic alerted businesses to the need to digitize operations and streamli...