24-May-2018
ukmalayaleeBack to India

Fake news of Raghuram Rajan appointed governor of Bank of England

NEW DELHI May 7: If you are among those who came across (and believed) the news that Raghuram Rajan, former Governor of the Reserve Bank of India, has been appointed the Governor of the Bank of England, we are sorry we will have to disappoint you.
 
The 55-year-old firebrand economist found himself making headlines again, as fake news claiming his ‘new appointment’ started doing the rounds of the Internet.
 
A Facebook post by Satprakash Sharma on April 28, congratulating Rajan, has garnered close to 8,000 shares by now. Shashi Tharoor too, found himself believing the news as he tweeted out a report by a news portal.
 
Rajan meanwhile, clarified to Alt News that this is fake news and that he is “happy with my current job and have not searched for, nor got, any other.”
 
Tharoor took to Twitter to clarify that he was “taken by the fake news” this time.
 
Raghuram Rajan, former governor of the Reserve Bank of India, has been named as one of the possible contenders for the top job at the Bank of England (BoE), according to a report by UK-based Financial Times.
 
“Attracting Raghuram Rajan, the highly respected Chicago-based economist and former Reserve Bank of India governor, would be a coup, as would securing Agustín Carstens, Mexico’s central bank chief and the new general manager of the Bank of International Settlements,” stated the article on Sunday.
 
It said that UK Chancellor and Exchequer Philip Hammond is starting the process to select the next Governor of the Bank of England to replace Mark Carney in 2019.
 
Hammond, according to the article, said he had already begun looking for candidates in forums such as the International Monetary Fund (IMF) spring meetings in Washington.
 
“The formal process has not yet started but I, and many other people I am sure, may have cast their eye around various rooms to see if any likely looking candidates hove into view,” Hammond said on the sidelines of the meetings.
 
The article said that Hammond’s comments showed his willingness to look abroad for Carney’s successor and that he was seeking a figure who can make an impact on the global stage as the UK prepares for Brexit.