Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Members commenced their discussion of international developments by reviewing the cross-country experience with COVID-19 vaccine rollouts. Israel’s progress in administering vaccines was the most advanced, with a small number of countries, including the United Kingdom and the United States, likely to achieve widespread inoculation during the June quarter. Others, including Australia, Japan and countries of the European Union, were likely to achieve high levels of inoculation a little later in the year. However, many emerging market economies were unlikely to have sufficient access to vaccine supplies to achieve … (full story)

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