Inflation Outlook and Analysis Report – September 2021

monetary policy report

Global economic recovery has continued, notwithstanding the spread of the Delta variant of the COVID-19 virus, and the impact of the pandemic on production constraints stemming from supply chain bottlenecks. The International Monetary Fund projects global growth of 6.0 percent in 2021 and 4.9 percent in 2022 (World Economic Outlook Update, July 2021), supported by policy measures and vaccination programmes, which have allowed the removal of restrictions and reopening of more economies.

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