Monetary policy: time to be unconventional

Gone are the days of disagreement over aggregate demand management policy based on Keynesian approach or a fixed target on quantity of money supply following the "monetarist approach".

In the wake of unprecedented time of Covid-19 pandemic, with fluid situations of vulnerability and uncertainty, time has come for an unconventional approach to the major public policies namely fiscal and monetary policies.

More so, for Bangladesh, which despite global experience of economic slowdown, has performed satisfactorily and aspires to march forward tackling the present external and internal shocks in economy.