Guillermo Tolosa highlights Uruguay's economic stability in Salto

Guillermo Tolosa, President of the Central Bank of Uruguay (BCU), held a conference in Salto to discuss the country's macroeconomic situation with local business leaders, merchants, and regional authorities.

Tolosa emphasized the importance of monetary and price stability to protect the purchasing power of citizens. He noted that the current inflation target is 4.5% and highlighted that the country has reached historically low inflation levels. This stability is intended to reduce uncertainty, allowing businesses to better plan investments and growth.

Regarding financial stability, Tolosa reported that Uruguay maintains approximately $19 billion in international reserves, managed by the Central Bank to serve as a safeguard against potential contingencies.