FT names Raghuram Rajan as possible candidate for Bank of England's top job

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.