Former RBI chief Raghuram Rajan has stated that he has no intention to apply for the job of Bank of England (BoE) governor, which will become vacant next year. “I have a very good job at the University of Chicago and I actually am an academic, not a professional central banker. I am very happy where I am,” Rajan told reporters after an event in London. Financial analysts have mentioned Rajan as a possible future BoE governor after Mark Carney, who previously headed Canada's central bank, steps down at the end of June 2019. Rajan added, “I think I've said all I can say. I'm not going to apply for a job anywhere, absolutely.”
British Finance Minister Phillip Hammond is expected to name Carney's successor later this year, and said in Washington last month that he would consider candidates from abroad. Andrew Bailey, a former BoE deputy governor, who now heads Britain's financial conduct authority, is seen as the frontrunner by many economists in London. Other names in the race include Agustin Carstens, general manager of the Bank for International Settlements, Minouche Shafik, former BoE deputy governor who currently heads the London School of Economics, and Shriti Vadera, who chairs Santander UK.
