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Uruguay , Thursday 15 October 2026

A tale of two central banks as Uruguay rises and Argentina slides

Published on: Sunday 17 September 2023

A tale of two central banks as Uruguay rises and Argentina slides Diego Labat, Uruguay's central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of the region's strongest, and the country is leading a regional pivot towards interest rate easing. It's also a sign of a tectonic shift over years: strong, independent institutions and political stability helping Uruguay's economy increasingly detach from its larger neighbor, where the two once rose and fell in tandem.


News source: https://finance.yahoo.com/news/tale-two-central-banks-uruguay-100417048.html

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