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Uruguay Monetary Policy Tightening To Depend On Inflation Expectations

LATAM
  • Uruguay: The pace of further interest rate hikes will depend on how fast inflation expectations converge with policy makers’ 3%-6% target, central bank chairman Diego Labat told Sarandi 690 radio network. (BBG)
    • “We will probably see in the next monetary policy decisions a greater tightening of monetary policy,” Labat said.
    • Labat added: “we still aren’t in a contractionary phase” of monetary policy and the central bank has the aim to reach a neutral interest rate level.

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