Central bank Quote by Ben Bernanke
“After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.”
About This Quote
Source Speech: Monetary Policy Forum, 2023
Central banks now aim to keep inflation stable, avoiding large swings up or down.
In simple terms: Banks must prevent big changes in inflation either way.
Focus on maintaining steady inflation.
Themes
Mood
Type
When to use this quote
- central bank meetings
- budget planning
- investment strategy
- public communication
Key Concepts
Questions to Reflect On
- How can policymakers respond to unexpected inflation spikes?
- What tools best ensure price stability?
Balancing act can be hindered by external shocks.