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LatinNews Daily - 28 August 2020
In brief: New inflation target range announced in Uruguay
* Uruguay’s economy minister Azucena Arbeleche has announced a reduction in the official target inflation range from the current 3%-7%, to 3%-6% as of September 2022, to reach 3.7% by 2024. Arbeleche's announcement followed a meeting with the monetary policy committee (Copom) of Uruguay’s central bank (BCU). It reflects a shift in monetary policy under the new centre-right government led by President Luis Alberto Lacalle Pou, which took office in March; bringing inflation under control had been a struggle for previous Frente Amplio (FA) coalition administrations.
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- In brief: New inflation target range announced in Uruguay
- Publishing note