Uruguay central bank “less confident” in ability to bring down inflation to target

Wednesday, June 12th 2013 - 07:34 UTC

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Uruguay’s changes in the monetary policy regime as announced last week are unlikely to address the country’s inflation problems points out Capital Economics in its latest report emphasizing that a tighter economy policy and reduction of wage indexation remain the main challenges to keep within the 5% target. Read full article

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Anglotino
Is Stevie caught up in the floods?
Jun 12th, 2013 - 09:03 am - Link - Report abuse 0
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ChrisR
This Central Bank president is way out of his league and is approaching his sell by date, but it won't happen unless they can find somebody, anybody, to pick up the poisoned chalice that is Uruguayo government 'finance policy'.

TWO finance cartels are operating within government and Pepe has admitted he does not know how to handle it and he's ONLY the president FFS!

I really love this country but I am at my wits end with these childish antics all the while. I feel like getting them all in a room and knocking their heads together in a forlorn hope of getting some sense into the situation.
Jun 12th, 2013 - 06:22 pm - Link - Report abuse 0
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Black Dynamite
Looks like the economic stability of Uruguay is already struggling, and the dollar hasn't even collapsed yet! Words you don't want to hear are “Central bank”. That's a bad sign of things to come, since every “Central Bank” is corrupt.

The word on the street in the US is to find a safe haven, a fall-back position, WHEN the US dollar goes down. Chile and Uruguay are often mentioned as desirable safe havens.

But they seem heavily dependent on Argentina, and Argentina is very unstable politically and economically, and all the countries use fiat currency, which will suffer badly WHEN the US Dollar collapses.

If inflation is 8% now, imagine what will happen when hyperinflation hits after D-Day? This is supposed to be the easy part. The currency shouldn't be struggling right now.

Very bad omen. If anybody knows of a civilized nation that doesn't use fiat debt-based currency let me know!
BD
Jun 17th, 2013 - 02:57 pm - Link - Report abuse 0
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ChrisR
3 Black Dynamite
“If anybody knows of a civilized nation that doesn't use fiat debt-based currency let me know!”

Yes, of course I will, if the fairies ever come out in my garden and the pigs fly over at the same time.
Jun 17th, 2013 - 06:34 pm - Link - Report abuse 0
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