BCU’s comms strategy helped tame inflation, says Tolosa
Uruguayan governor says expectations are anchored for first time in 20 years
An overhaul in communications at the Central Bank of Uruguay (BCU) has helped rein in inflation and strengthened the institution’s credibility, its governor has said.
Addressing the International Monetary Fund’s Spring Meetings in Washington on April 14, Guillermo Tolosa said the bank “realised that communication had to be at the centre of the strategy”.
He added that the bank had been “very decisive” in hiking rates in the face of a depreciating peso at his first monetary policy meeting as
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