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Fitch Ratings Points Out that Rate Cuts Reflect "Deinflation and Credibility Gained" - La R Newspaper
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The rating agency Fitch Ratings highlighted that the successive interest rate cuts implemented by the Central Bank of Uruguay (BCU) are a clear reflection of the “progress in the structural reduction of inflation and the improvement of the credibility of monetary policy.” Fitch stresses that Uruguay succeeds in distinguishing positively from other emerging economies with similar ratings, thanks to a strategy that keeps inflation within the targe…
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