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The Central Bank of Uruguay Points to Inflation of 4.5% and Warns at the Current Level
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The Central Bank of Uruguay (BCU) left the monetary policy rate unchanged at 5.75% and confirmed that its objective is that inflation converges towards the goal of 4.5%, when the current register is located at 2.94% per year, the lowest in seven decades. The president of the BCU, Guillermo Tolosa, explained that the current level of inflation is not consistent with the medium-term objective. He pointed out that it is not desirable that it remain…
The economic expansion of Uruguay last year was only 1.8% and some sectors had problems competing abroad for the strength of the peso.
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