Uruguay leaves benchmark rate at 8.75% on persistent concern with inflation

Wednesday, July 4th 2012 - 03:04 UTC

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Uruguay's central bank held its benchmark interest rate steady at 8.75% on Tuesday, citing “reasonable” economic growth and persistent concern about inflation expectations above target. Read full article

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ChrisR
Inflation has the same solution as do all the other financial problems that Uruguay faces: fiscal drag needs to be cut out root and branch before things get out of hand.

Until the government headcount is severely reduced and retrained for the private sector, nothing will change.
Jul 04th, 2012 - 05:11 pm - Link - Report abuse 0
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