Uruguay’s interest rates hike “will aggravate stubbornly high inflation”, anticipates CE

Monday, October 1st 2012 - 21:16 UTC

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The latest Uruguayan central bank decision to further hike interest rates is “unlikely to do much to tackle stubbornly high inflation” and contrary to this could end acting as a magnet for foreign capital inflow, “aggravating the very problem it seeks to address”, says Michael Henderson from Capital Economics. Read full article

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Ayayay
Blahahaha
Oct 01st, 2012 - 09:58 pm - Link - Report abuse 0
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British_Kirchnerist
So its not just Cristina's Argentina struggling with this problem. And its interesting, with very different political histories, how big an issue inflation has been for both countries historically, there must be something going on here that's structural and isn't to do with the current, respectively, best ever, Presidents of both countries?
Oct 03rd, 2012 - 02:23 am - Link - Report abuse 0
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