Raghuram Rajan Warns Against Low Rates Worldwide

Mumbai: Raghuram Rajan warned countries against a rush to low interest rates as his tenure as the governor of the Reserve Bank of India came to an end. Mr Rajan, who famously predicted the 2008 global financial crisis, told the New York Times that central banks across the world would find it hard to raise rates again for fear this "would see growth slow down". Mr Rajan, 53, said low interest rates should not be an alternative to re...