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Uruguay Central Bank Sharpens Hawkish Message Amid Strong Growth

  • Central bank chief Labat says CPI expectations his main focus
  • Labat doesn’t rule out adopting a restrictive policy stance
Diego Labat
Diego LabatPhotographer: Santiago Mazzarovich/Bloomberg

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Uruguay’s central bank will keep raising interest rates in the coming months and may even implement a contractionary monetary policy to bring inflation expectations to the 3% to 6% target, according to its top policy maker.