The Reserve Bank cannot just exist; its ability to say 'no' has to be protected. — Raghuram Rajan Copy Share Image
What is important for a central banker is that you have to convey that you know what you are doing. — Raghuram Rajan Copy Share Image
I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels. — Raghuram Rajan Copy Share Image
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation… — Raghuram Rajan Copy Share Image
I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut… — Raghuram Rajan Copy Share Image
I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount… — Raghuram Rajan Copy Share Image
Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for the failings of the political system. And my worry… — Raghuram Rajan Copy Share Image
Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to… — Raghuram Rajan Copy Share Image
Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will… — Raghuram Rajan Copy Share Image
Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there… — Raghuram Rajan Copy Share Image
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic… — Raghuram Rajan Copy Share Image
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have… — Raghuram Rajan Copy Share
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers. — Raghuram Rajan Copy Share
Capitalism’s biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues… — Raghuram Rajan Copy Share
Indian cricket fans are manic-depressive in their treatment of their favorite teams. They elevate players to god-like status when their team performs well, ignoring… — Raghuram Rajan Copy Share
I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability.… — Raghuram Rajan Copy Share
A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run,… — Raghuram Rajan Copy Share
Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other words, 'good… — Raghuram Rajan Copy Share
Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank… — Raghuram Rajan Copy Share
I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels. — Raghuram Rajan Copy Share
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on… — Raghuram Rajan Copy Share
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing… — Raghuram Rajan Copy Share
The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all,… — Raghuram Rajan Copy Share
