Members commenced their discussion of international economic developments by noting that the global economic recovery was well under way and that risks to the outlook had become more evenly balanced. Policy settings remained highly accommodative. The rollout of vaccinations had been progressing well in many advanced economies and some large emerging market economies, although in some countries progress had been hindered by limited supplies, logistical issues and vaccine hesitancy. As vaccinations had increased and hospitalisations remained at low levels, population mobility had recovered considerably in many ... (full story)