During an institutional visit to Salto, Central Bank of Uruguay President Guillermo Tolosa discussed the country’s macroeconomic position with local business, commercial and production representatives. He highlighted low and stable inflation of 4.5% and said sustained state policies over the past two decades had made the economy more resilient to regional and international shocks, reducing fluctuations in economic activity during adverse external conditions. Tolosa said greater stability gives households and businesses more certainty for planning, investment and long-term decisions. Controlled inflation also reduces uncertainty over costs and prices, allowing companies to focus on productivity and new projects. Participants discussed the economic outlook for Uruguay and its coastal region, constraints on business growth, and the conditions needed to support investment and development.