Ian Macfarlane Quotes

#1. If people can't abide by the confidentiality of the cabinet room, then they should leave the cabinet.

Ian Macfarlane

#2. A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.

Ian Macfarlane

#3. When everyone feels that risks are at their minimum, over-confidence can take over and elementary precautions start to get watered down.

Ian Macfarlane

#4. Most of us at the Reserve Bank come from a background in economics and hence have a predisposition in favour of free markets and a sceptical attitude towards intervention in those markets unless there is a clearly defined economic rationale for it.

Ian Macfarlane

#5. For years I have made the point that progress in winding back economic slack is made not by high growth in any individual year, but by maintaining an expansion over a sustained period.

Ian Macfarlane