Monetary Decision Quotes

Money is very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota? Now, you would expect people to have an answer. But people were kind of shocked by the question. They never thought about it before. So, the most we got was people said, "Well, if I can't buy this Toyota, if I buy this Toyota, I can't buy a Honda." What is this thing? What is this value of price? Very hard to think about it.

Audit the Fed is a bill that would politicize monetary policy, would bring short-term political pressures to bear on the Fed. In terms of openness about our financial accounts, we are extensively audited.

We made a decision that monetary policy will be made by an independent European Central Bank.

Any debate among politicians about monetary policy is counterproductive.

If you move up the timetable of when we disclose the transcript of our Open Market Committee, … you will affect what is said and the way that it is said.

No one single thing that we do will control inflation

I don't have a shred of regret about entering the exchange-rate mechanism.

Though the demonetisation move should be welcomed, govt should have planned well in advance to ensure that no common man suffer.

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

I devalued the peso solely looking after the poor.

The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.