This means that even if vaccinations are carried out, the implementation of the COVID-19 protocols must still be carried out to prevent the second and even third waves of the 42  COVID-19 pandemic. This is to ensure that economic recovery will continue through vaccinations and COVID-19 precautions.
Put simply, movements in the exchange rate send appropriate signals to businesses, helping them to allocate capital and labour to the most efficient uses. Now, in formulating monetary policy, we at the Bank need to understand the underlying reasons for a currency movement.