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MPC press release
Inflation Outlook and Analysis Report – July 2021
Global growth momentum has remained firm, following from the Covid-19 shock, largely reflecting continued policy support, mass vaccinations, and removal of restrictions across several advanced countries.
Notwithstanding the progress made, recent developments associated with the rapid spread of new Covid-19 variants, vaccine hesitancy in some advanced economies and lack of vaccine availability across emerging market and developing economies, have heightened uncertainties and could potentially undermine the broad-based recovery of the global economy.