Uruguay's New Central Bank Chief Vows Firm Hand With Inflation
Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices, Central Bank Chairman Guillermo Tolosa said in an interview.
The gap between expectations and the midpoint of the central bank's 3% to 6% target range should narrow more quickly now that the uncertainty related to the new government's monetary policy has dissipated, Tolosa said.
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