US EditionUruguay Cuts Key Rate to 6.5% With Eye on Peso, Inflation Target
The central bank aims to prevent inflation from falling below target as the peso strengthens, cutting rates by 1 percentage point—the largest cut since the pandemic began.
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8 Articles
Uruguay’s Central Bank Puts Dollar Intervention Back on the Table
Key Points A 100-basis-point cut took the benchmark rate to 6.5%, with FX intervention on the table. Officials now worry inflation could slip under 3%, below the target band. Liquidity strains and abrupt moves drive the warning. Uruguay’s central bank is preparing to act if the dollar keeps weakening locally. Governor Guillermo Tolosa said the […]
Uruguay Central Bank accelerates easing, cuts key rate to 6.5% as dollar hits lows
Uruguay’s Central Bank (BCU) cut its benchmark policy rate by 100 basis points to 6.5% and said monetary policy “enters an expansionary phase,” framing the move as a way to prevent inflation from drifting away from its 4.5% target and to respond to recent strains in the foreign-exchange market.
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Xinhua - The Central Bank of Uruguay (BCU) this Monday reduced its reference interest rate by 100 basis points, to 6.5 percent, entering an expansive phase, facing inflation below expectations and to sustain convergence towards its annual target of 4.5 percent.
The Central Bank of Uruguay (BCU) decided to reduce the Monetary Policy Rate (MPR) by 100 basis points, bringing it from 7.5% to 6.5%. In a decision that marks the entry of monetary policy to an expansive phase. The measure was adopted by the Board of Directors of the agency in response to an international and local scenario that, according to the entity, presents unusual dynamics. In an official statement, the BCU explained that international u…
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