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Essay text:
The goal of monetary policy is to supply the required quantity of money in the economy, keeping a balance between the GDP and inflation growth of output while maintaining a satisfactory price level. Monetary policy tries to supply the required amount of money to support a long-term economic growth.
Formulation & Implementation of Monetary Policy:
Monetary Policy is the main macroeconomic policy formulated and implemented by the Central Bank. Bangladesh Bank, the central bank of Bangladesh, has the authority to increase or decrease the volume of money in the economy, and therefore, is responsible for formulating & implementing the monetary policy for the country...
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