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HARDtalk: Raghuram Rajan

Raghuram Rajan: I have not applied to be BoE boss

22/07/2019 GMT

BBC News - HARDtalk, Raghuram Rajan

Sarah Montague speaks to Raghuram Rajan, former Governor of the Reserve Bank of India.

Sarah Montague speaks to Raghuram Rajan, former Governor of the Reserve Bank of India. How does he feel about being talked of as the possible next Governor of the Bank of England?

Sarah Montague speaks to Raghuram Rajan, until 2016 the Governor of the Reserve Bank of India. He says capitalism is under threat, and that if world leaders want to save liberal democracies from a surge in populism they need to give more power to local communities and away from big governments and big businesses. When he left his job as Governor of India's central bank, he said it was 'better to be a doer than an adviser'. Now he is being talked of as one of the frontrunners to be the next Governor of the Bank of England. Would he rather do that job than advise in another?

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