World's Best Central Banker

[Chanakya's_Chant]

Raghuram Rajan should get the Nobel prize in Economics, say global investors​

Raghuram Rajan, Governor, Reserve Bank of India PTI​

Raghuram Rajan, Governor, Reserve Bank of India is considered to be one of the best central bankers across the world according to experts. Global bankers say that he has a good hold on monetary policies.

The experts comprise of Marc Faber, a Swiss investor based in Thailand and Jim Rogers of Rogers Holdings. They both appreciated the recent decisions made by Rajan.

Investors said that India has been among the best performing emerging markets since the collapse of Lehman Brothers in 2008. India has also been appreciated for avoiding the mistakes like keeping interest rates low to stimulate growth that most central banks have done, according to a Business Insider report.

In one of the interviews with ET Now, Jim Rogers said, "One of the advantages that India has other than having a lot of smarter people is that your central banker is probably the best central banker in the world, or at least, the least bad central banker in the world."

Rogers further said that he always admired the decisions taken by Rajan but unfortunately, he is not the Indian government.

"He (Raghuram Rajan) cannot save India, but you certainly have the least bad central banker in the world and I hope he continues being like that", he added.

The RBI chief was also praised by Marc Faber. He had said that he doesn't trust any central bankers except India's Rajan. He further said that Rajan has a strong hold on the monetary policy unlike other bankers who are basically money printers, according to a BI report.

Faber even said that Raghuram Rajan should get the Nobel prize in Economics.

When Rajan took over the position of the Reserve Bank of India's governor two years back, he had said that "we want growth to be faster that what it is today".

Raghuram Rajan had said in an interview that global financial markets are going through a tough phase but investors in India should not worry much.

He said, "You have to be a little careful about disrupting the narrative at a time when the narrative is India is picking up, India had a lot of opportunity, India has a lot of optimism to react as if it is in a deep emergency- the two do not go together."

Rajan came as a rescue machine at a time when India was suffering from financial crisis where the rupee had suffered a steep drop and since then he has worked hard to get the currency back to its pink of health.

Source:- Raghuram Rajan should get the Nobel prize in Economics, say global investors | Latest News & Updates at Daily News & Analysis

 

[RazorMC]

There are no good central bankers, just less bad ones

Question: RBI is autonomous or state-owned/controlled ?

 

[SrNair]

Or he is our new Manmohan Singh .
But I think Rajan is more stern in his actions and policies.

There are no good central bankers, just less bad ones

Question: RBI is autonomous or state-owned/controlled ?

Autonomous .
GoI effort to take the control is always faced stiff opposition.