Uruguay cuts rates citing ‘gradual decrease in inflation’

Country becomes second in Latin America to start unwinding rate rises

Central Bank of Uruguay
Central Bank of Uruguay

The Central Bank of Uruguay (BCU) cut its policy rate by 25 basis points on April 19, becoming the second Latin American central bank to reduce rates this year.

The rate is now 11.25%, after it halted rate rises at its last meeting in February. Uruguayan policy-makers began raising the rate from 4.5% in August 2021, with the final increase, in December, bringing it to 11.5%.

The central bank cited a “gradual decrease in inflation in the last six months” and “the consolidation of a declining

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account