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Uruguay’s formula to raise rates without causing risk to economy, says Central Bank

Uruguay's strategy of gradually raising interest rates over the rest of the year should be enough to curb inflation near 10% without causing a sharp economic slowdown, according to Central Bank of Uruguay (BCU) president Diego Labat.

Labat said that the bank's return to a regime of inflation targeting set in 2020 remains a "work in progress" that merits a measured approach, as it is unclear how . . .

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