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Central Bank Quotes

We’ve collected the best Central Bank Quotes from the greatest minds of the world: Feisal Abdul Rauf, Urjit Patel, Robert Zoellick, Janet Yellen, Abdul Aziz Al Ghurair. Use them as an inspiration.

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.
The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.
Robert Zoellick
A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.
Banks are concerned the central bank is imposing too many regulations. If the trend continues, we’ll swing to heavy regulation. We need to have balanced regulation to encourage the economy.
Abdul Aziz Al Ghurair
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Toshihiko Fukui
A Central Bank official said that Q-coin did not affect the renminbi; it adds vibrancy to the economy.
Ma Huateng
There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.
Robert C. Solomon
Cryptocurrencies like Bitcoin are already trustless – any machine can accept it from any other, securely. They are (nearly) free. They are global – no central bank required, and any machine can speak the language.
I’m just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable – there is financial stability – and that is the role that the central bank plays.
Let’s not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a fraudulent bank.
Sean Quinn
Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.
A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
History proves… that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment… the European Central Bank has only the first. It has no commitment to keep employment up.
A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.
If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.
Abdul Aziz Al Ghurair
I believe that being in a position, as a central bank, to influence economic growth does not mean losing independence.
Elvira Nabiullina
As a former economy minister, I can’t not think about economic growth. The central bank should also think about this but through its own instruments.
Elvira Nabiullina
Most of the policies that support robust economic growth in the long run are outside the province of the central bank.
It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.
There was a real fear that a euro-zone bank might fail, that we’d have a sovereign debt problem in one of the larger European economies. That’s dissipated, thanks largely to the action of the European Central Bank.
I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
The job of the Central Bank is to worry.
Alice Rivlin
In a mature economy like India‘s, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
We’ve delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.