May 25, 2021/Cowry Asset Report

The MPC observed that recovery across global economies was amid widespread vaccination, easing of restrictions, reopening of economies and gradual return to international travel. However, Indian and Brazil have continued to battle high levels of infections and fatalities, resulting from mutating strains of COVID-19 virus.

We note that the unanimous decision of the Committee members to leave all key parameters unchanged was to allow further economic growth given the fragile GDP growth rate printed in Q1 2021.

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