Top 22 Central Bank Quotes

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.

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.

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.

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.

Even the National Bank of Romania doesn’t have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they’re drawing close to a floor below which the bank’s reserves can’t drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.

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.

At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.

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.

My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld.

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.

It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to occasionally disagree with the most powerful people in the country.

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

The job of the Central Bank is to worry.

We’ve delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.

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.

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it’s easier for the central bank to guard its independence from political pressure when it mainly holds government securities.

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.

The central bank needs to be able to make policy without short term political concerns.

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.