Uruguay’s next government may have room to set a lower target for annual consumer price gains as monetary policy reins in one of the fastest inflation rates among the country’s investment grade peers, central bank Chairman Washington Ribeiro said in an interview.
A government reportBloomberg Terminal Monday showed consumer prices rose 5.45% in July from a year earlier, the 14th straight month they’ve printed inside the central bank’s 3% to 6% target range. That’s no small feat for a country where consumer price gains averaged 8.5% from 2001 to 2023.
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Publish date : 2024-08-06 03:25:00
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