A well-functioning transmission should at some point go from the overnight right up to 40 years, and that is the ultimate objective in having monetary transmission that affects the whole gamut of borrowing tenure.

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

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.

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

When you understand that making, saving, and spending money is all based on the thoughts you're thinking and the actions that these thoughts lead to, you can completely transform your reality - and your bank account.

I don't give a damn about the money. I earn my living well enough.

Low budgets force you to be more creative. Sometimes, with too much money, time and equipment, you can over-think. My way, you can use your gut instinct.

Money greases the wheel of American democracy and corrupts it all.