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

- Ian Macfarlane

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…

- Ian Macfarlane

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…

- Ian Macfarlane

Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending sta…

- Ian Macfarlane

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…

- Ian Macfarlane

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

- Ian Macfarlane

For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share mar…

- Ian Macfarlane