Uruguay leaves benchmark rate unchanged; fears of slower economy and too strong Peso

Sunday, March 24th 2013 - 03:11 UTC

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Uruguay’s central bank surprised the market by keeping on hold the benchmark interest rate at 9.25% after increases at the two previous monetary policy meetings failed to slow inflation, one of the country’s main concerns. Read full article

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ChrisR
Despite high rates in the Central Bank, nobody who has money in BROU has seen any real improvement and what you do get does not cover the rate of inflation.
Mar 25th, 2013 - 04:31 pm - Link - Report abuse 0
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