Entrepreneurs take considerable risk as it is: on top of that if we add macro-economic risks in terms of higher inflation, high inflation volatility and higher interest rates, then the risk perception can be such that entrepreneurship, innovation and investment gets effectively constrained. That will inevitably result in lower investment rates and hence lower economic growth.
Therefore, to keep the momentum of high growth, it is extremely important to recognise that the best contribution that monetary policy can make is indeed to ensure that inflation and inflation expectations are well anchored.