But to continue your metaphor of an athlete or jogger, it will certainly be very hard to restart the economy. In your view, how long will the economy remain shut down? That will depend entirely on the lockdown measures to be decided by the political authorities in consultation with the scientific committees that advise them.
But, with the introduction of liquidity adjustment facility (LAF) in 2004, overnight management of systemic liquidity at desired interest rate emerged as the most active instrument of monetary policy. The LAF was operated through overnight fixed rate repo (central bank liquidity injection rate) and reverse repo (central bank liquidity absorption rate) to provide necessary guidance to market interest rate.