Best quotes by Urjit Patel on Inflation

Checkout quotes by Urjit Patel on Inflation

• ‟ 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.

  - Urjit Patel
  

• ‟ Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands.

  - Urjit Patel
  

• ‟ The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.

  - Urjit Patel
  

• ‟ We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

  - Urjit Patel
  

• ‟ It is important to recognise near- and medium-term risks to the inflation outlook.

  - Urjit Patel
  

• ‟ Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.

  - Urjit Patel