Uruguay Won’t Rule Out Raising Bank Reserve Requirements

Uruguay may raise reserve requirements for banks to help slow inflation toward the government’s target, central bank President Mario Bergara said.

Policy makers can’t rule out an increase in reserve requirements, which were last raised in 2008, Bergara said in an interview at Montevideo’s World Trade Center. Consumer prices in the $40 billion economy rose 1.42 percent last month, the biggest monthly jump in four years, as high commodity prices and near-record low unemployment fuel inflation pressures, he said.