Is the monetary policy adequate?

Conventionally, monetary policy in Bangladesh has played a secondary role, complementing the fiscal policy as embodied in annual budget. It now appears, as an irony of history, that among the scarce benefit of Covid-19 is the possibility of articulating an independent role for monetary policy, albeit by default of the...

Preparing for an unknown world

Once Covid-19 abates, we will be reminded of how everything changed, of the world that was. But the unfolding crisis contains profound lessons for the future. When international delegates met at Bretton Woods in July 1944 to devise a post-war world, the war was still far from over. Yet, recalling...