March 23, 2021/Cowry Asset Report

The MPC Observed that the vaccination against COVID-19 had gained ground in major advanced economies; however, the slow pace of vaccination in some emerging markets and developing economies weighed on the even recovery of global output.

We note the sharp increase in the number of the Committee’s members to three, compared to the no vote in January, to increase the MPC rate by at least 50bps. This may be a signal to the Committee eventually increasing the MPR by 50bps this yea

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