Britain may get another foreign central bank chief

LONDON: Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund (IMF) and powerful positions in his native India. The question is whether Brexit Britain is ready to hear them from another foreign Bank of England (BoE) governor.

The job of stewarding the UK’s monetary policy and maintaining its financial stability has rarely been more political, and Rajan is the only outsider among the top contenders in the running to replace Mark Carney, according to bookmakers and economists who follow the 325-year-old institution.