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Economy / Uruguay

Macroeconomic Forecast Uruguay

May 2012 | Macroeconomic Forecasts

BMI View: Uruguay's consumer price inflation came in at 8.0% y-o-y in April, above the 7.5% y-o-y rate recorded in March, and still outside of the central bank's 2.0% to 6.0% targeted band. While we see moderate risk to our view that the central bank will keep its monetary policy rate unchanged over the next few months, we believe that cooling commodity prices and slowing economic growth should keep inflation in check over the coming quarters.

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