Uruguay cuts basic rate and eases credit to sustain US dollar

Wednesday, December 23rd 2009 - 15:44 UTC

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Uruguay surprised markets with a 175 basic point rate cut to 6.25% from 8.00% amid expectations of lower inflation. The central bank also decided to reduce the inflation target fluctuation for the next 18 months from 3 to 7%, to 4% and 6%. Read full article

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h.
to gamble about --soften ,mitigate the US dollar volatility-- !!
Dec 24th, 2009 - 02:40 am - Link - Report abuse 0
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