A post is being widely shared on social media claiming that Raghuram Rajan had been appointed as the governor of Bank of England. Let us fact-check the claim made in the post.
Claim: Raghuram Rajan is appointed as the Governor of Bank of England.
Fact: Andrew Bailey is the present Governor, Bank of England. He was announced as the Governor of the Bank of England on 20 December 2019, and he began his term on 16 March 2020. When there were reports that Raghuram Rajan was in the race to become Governor of the Bank of England, he reportedly denied this in an interview to the BBC. Raghuram Rajan said that he did not apply to become the Governor, Bank of England, as he felt that central banking had become more political in the recent times. Raghuram Rajan was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Hence, the claim made in the post is FALSE.
Andrew Bailey is the present Governor, Bank of England. He was announced as the Governor of the Bank of England on 20 December 2019, and he began his term on 16 March 2020.
Raghuram Rajan’s name is not seen in the list of past governors of the Bank of England which is given on the website of Bank of England.
When there were reports in 2019 that Raghuram Rajan was in the race to become Governor of the Bank of England, he reportedly denied this in an interview to the BBC. Raghuram Rajan said that he did not apply to become the Governor, Bank of England, as he felt that central banking had become more political in the recent times. Raghuram Rajan was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. He once served as Chief Economist of International Monetary Fund and presently teaches at the Chicago Booth School of Business.
To sum it up, Raghuram Rajan had not been appointed as the Governor of Bank of England.
