(Bloomberg) Uruguay’s central bank resumed its easing cycle with a half-point cut to its benchmark interest rate after inflation rose at the slowest pace since 2005.Most Read from BloombergUS Sees Missile Strike on Israel By Iran, Proxies as ImminentUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapThe cen
Uruguay s Central Bank Pivots Back to Easing With Half-Point Cut bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Uruguay s rural producers underlined that the constant appreciation of the local peso against the US dollar was detrimental to their exporting activities and insisted that the appropriate exchange rate should be US$ 1 = UY$ 58 instead of UY$ 37.5, which represents a 3.9% drop so far this year.
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