Bank Quote by Urjit Patel
“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.”
About This Quote
Source Speech: Central bank conference, 2021
Stable, low inflation and financial stability are core to sustainable growth.
In simple terms: Low inflation and stability support growth.
Key Takeaway
Maintain price stability and financial health.
Themes
inflation
stability
growth
policy
Mood
informative
balanced
Type
policy
economic
When to use this quote
- budget planning
- investment strategy
- policy formulation
- risk management
Key Concepts
monetary policy
financial stability
economic growth
Questions to Reflect On
- What other tools can central banks use?
- How to balance inflation control with employment?
A Different Perspective
Focusing only on inflation may ignore other growth drivers.
![“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency…” quote by Paul Volcker](https://sms4smile.com/quotes/img-quotes/1ab/paul-volcker-37701_banking_it-is-a-sobering-fact-that-the-prominenc_1339309.jpg)
