Inflation notoriously above the target range, admits Uruguay’s central bank

Friday, March 30th 2012 - 07:11 UTC

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The Central Bank of Uruguay left its benchmark interest rate unchanged at 8.75% on Thursday, saying the current level is consistent with a restrictive monetary policy as Uruguayan authorities stubbornly battle high inflation. Read full article

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Skåre
In stark contrast to Argentina - where the government has to resort to outrageous nationalistic aggression to divert attention form the country's desperate financial woes and runaway inflation - it is refreshing to see some searching honesty from the Uruguayan government. The neo-fascist government of Cristina Kirchner should look and learn.
Mar 30th, 2012 - 10:47 am - Link - Report abuse 0
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