sector. The programs inflation target has been revised upward slightly, mainly reflecting the higher than programmed outcome … in inflation if the private sector follows the increase in civil service wages. …

Uruguay’s inflation and inflation expectations exceed the inflation target, and the gap has been widening in recent … years. To help bring it to the mid-point of the target, Banco Central del Uruguay (BCU) needs to maintain a tightening bias … Uruguay and suggested that strong institutions and macroeconomic stability have helped attract FDI to the secondary and …