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- #1
Uruguay’s Central Bank surprised markets by lowering the “price of money” more than expected. For me, the most relevant aspect is its impact on the dollar. Personally, I think it’s fascinating how monetary policy directly affects households. What surprises me is the boldness of the cut. For me, the most important step is monitoring inflation. In the end, I believe this decision could stabilize growth but risks weakening the peso if external shocks persist.