Uruguay's Central Bank: Inflation Spike on the Horizon

Uruguay's Central Bank is on alert! Inflation might spike a bit thanks to soaring fuel prices and some stubborn droughts messing with crops. But don't sweat it, the interest rate is hanging tight at 5.75%. They're keeping a watchful eye, aiming to bring inflation back down to a comfy 4.5% in about two years. They're being careful, knowing some bumps are just temporary.