Central Bank of Uruguay (BCU)
Peru and Uruguay carry out more rate rises
Peruvian policy now “clearly restrictive”, analyst says, while Uruguay warns of risks to growth
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Uruguay continues policy tightening
Policy-makers say inflation and expectations are stubbornly high
Campos Neto predicts end of credit cards
Brazil governor says Pix will be model for region’s payment systems
Uruguay continues ‘contractionary’ monetary policy
Eighth consecutive rate hike is smallest since last November
Swiss central bank defends board structure
Think-tank suggested governing board was “susceptible to group think” in April report
What is the right size for a central bank board?
There is greater consensus for smaller boards in theory than in practice
Rates round-up: Uruguay, Tunisia and Serbia tighten policy
Inflation fears prompt more rate hikes from central banks worldwide
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Uruguay continues programme of interest rate hikes
Central bank announced plans for two more increases at January meeting
Uruguayan central bank speeds up monetary tightening
Central bank makes fourth consecutive hike and says it expects further rises at next two meetings
Uruguayan central bank orders third consecutive rate hike
Central bank expresses concern over salary rises and regional uncertainty
Uruguayan central bank makes second rate increase in a row
Central bank aims to end “expansive” monetary policy and guide inflation to target range
Uruguay raises policy rate 50 basis points
Move is first time central bank has raised rates since readopting a policy rate last year
A ‘love-hate’ relationship with ESG screens
ESG screens seen as a first step in adopting sustainable investment practices, so why do so few central banks use them?
Federal Reserve joins NGFS
Seven other organisations join as Trump defeat frees Fed to join green network
Uruguay appoints interim central bank president
Labat takes over from Graña following retirement announcement
Argentina woes deplete Uruguay’s reserves – IMF
Reserves drop from $15.6 billion to $14.3 billion in 12 months as dollar deposits also begin to rise
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies in Brazil, Chile, Colombia, Mexico and Peru ended decades of runaway inflation
Bahamian central bank chooses start-up to spearhead CBDC project
The pilot currency is expected to be running by 2020, governor says
Uruguay launches digital currency pilot
10,000 users will have access to the network, run in conjunction with the state-owned telecoms company and national payments system
Uruguay’s digital currency pilot ‘close to launch’, says governor
Central bank’s initiative will allow the public to access digital currency via mobile wallets; Ecuador’s prototype proves a flop
BIS paper presents evidence on Uruguayan price setting
Authors develop survey-based measure of firms’ price-setting behaviour, which may prove useful for research on other emerging markets
IMF paper offers Uruguay advice on money supply targeting
Move to new monetary policy target has proved ‘challenging’ IMF researchers note, offering advice on how to make the framework more effective