Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn't apply to head up the Bank of England. In an interview with the BBC, Rajan confirmed he hadn't sought the position and cited the fact that central banking "has become much more political in recent times" as an explanation for why not.

The Bank of England kept interest rates steady and said most businesses felt as ready as they could be for a-no-deal Brexit that would likely hammer economic growth and jobs. The BoE said its nine rate-setters voted unanimously to keep interest rates on hold at 0.75-percent, just days before the world's fifth-biggest economy could leave the EU without a deal to smooth its way.