Uruguay’s Central Bank Sets Sights on 4.5% Inflation Goal

Uruguay’s Central Bank Sets Sights on 4.5% Inflation Goal

Guillermo Tolosa, Uruguay’s new central bank president, announced on March 24, 2025, a push to lower inflation to 4.5%. Speaking at his inauguration, the 49-year-old economist outlined a plan to build on recent gains. Uruguay’s inflation hit 5.49% in 2024, its lowest since 2005, but Tolosa called it “still high.” Uruguay tamed decades of price […]

MONTEVIDEO.—Economist Guillermo Tolosa assumed this Monday as the new president of the Central Bank of Uruguay (BCU). In his speech he stressed the importance of having “low and stable inflation.” In that sense, he reiterated that the inflation target regime, the interest rate, will continue to be used as an instrument of monetary policy and exchange rate flexibility. Tolosa pointed out that in recent years Uruguay has had particularly low infla…

The new president of the board of directors of the Central Bank of Uruguay (BCU), Guillermo Tolosa, assumed this Monday 24 and affirmed that the agency must offer certainties about low and stable inflation to protect the purchasing power of Uruguayans. He said that it will maintain the regime of inflation goals and promote legislative changes in order to supervise companies that capture investments for greater transparency and control.

Guillermo Tolosa assumed this Monday as president of the Central Bank of Uruguay (BCU) with the goal of reducing inflation to 4.5% before the first two years of his term, within the framework of the monetary policy horizon. In his speech, he stressed that the monetary authority will not influence the exchange rate, recalling that Uruguay has a free exchange rate system, where market actors determine the value of the dollar. Tolosa stressed the i…