Raghuram Rajan Says Won’t apply For Top Bank of England Job

The former governor of Reserve Bank of India, Raghuram Rajan, said Wednesday that he does not intend to apply for the job of Bank of England governor which falls vacant next year.

Analysts had speculated Rajan as possible future BoE chief after Mark Carney – who previously headed Canada’s Central Bank steps down at the end of June 2019.

“I have a very good job at the University of Chicago and I actually am an academic, not professional central banker. I am very happy where I am,” Rajan told media after an event in London hosted by the US University’s Booth School of Business, where he works as a finance professor.

British Finance Minister Philip Hammond who is expected to name Carney’s successor later this year had said that he would consider candidates from abroad.

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