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Uruguay's BCU ups basic interest rate

Summary by Merco Press

Uruguay's Central Bank (BCU) Monetary Policy Committee decided Monday to raise the TPM benchmark interest rate from 8.5% to 8.75% in a move to make inflation and expectations 'meet' at 4.5% annually over the last 24 months. It was the first twitch to the TPM since April when it was cut from from 9%.

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Merco Press

Uruguay's BCU ups basic interest rate

2 months ago·Caracas, Venezuela, Bolivarian Republic of

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The Rio Times

Uruguay Hikes Interest Rate to 8.75% to Curb Inflation

Uruguay’s central bank has raised its benchmark interest rate to 8.75%, up from 8.50% in November. This 25 basis point increase aims to bring inflation in line with the target of 4.5% within two years. The decision comes after careful analysis of economic indicators. Annual inflation in November stood at 5.03%, marking 18 months within […]

2 months ago·Brazil

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