Inflation forecasts have been revised downwards for the short-term but remain on the upward trajectory. The downward revision is as a result of a combination of lower than anticipated inflation figures received for February 2021 coupled with the lower than expected increase in domestic utility tariffs.The global roll-out of COVID-19 vaccines, which is expected to restore economic activity, is anticipated to result in higher oil prices and therefore exerting inflationary pressures on domestic prices. On the other hand, the vaccines is expected to restore supply chain as countries relax the lockdowns and consequently putting downward pressures on inflation towards in the second half of the year 2021._Download report https://www.centralbank.org.sz/monetarypolicy/forecasts/

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