You are here

India's departing central banker offers a fresh warning

Raghuram Rajan says low interest rates globally could distort markets and would be difficult to abandon


THREE years before the 2008 global financial crisis, an Indian economist named Raghuram Rajan presciently warned a sceptical audience of top economic thinkers that excessive risk threatened the entire global financial system.

As Mr Rajan stepped down on Sunday as India's top...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to