The Central Bank of Uruguay reduced its policy rate by 100 bps to 6.50% in January 2026, shifting from a contractionary bias toward an expansionary stance. Inflation closed 2025 at 3.65% (below the 4.5% objective), while the average of two-year expectations continued to decline with analysts at 4.45% vs. markets at 4.6% vs. firms at 5.3%. The BCU cited a weaker dollar and greater FX market sensitivity, noting episodes of order imbalances, lower liquidity and discrete movements, and said it would advance and deepen the reduction cycle, convening an additional Copom meeting in March to retain flexibility to act further if exceptional domestic conditions persist. source: Banco Central del Uruguay

The benchmark interest rate in Uruguay was last recorded at 7.50 percent. Interest Rate in Uruguay averaged 7.91 percent from 2007 until 2026, reaching an all time high of 11.50 percent in December of 2022 and a record low of 4.50 percent in September of 2020. This page provides - Uruguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Monetary Policy Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The benchmark interest rate in Uruguay was last recorded at 7.50 percent. Interest Rate in Uruguay is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Monetary Policy Rate is projected to trend around 7.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-18 08:00 PM Interest Rate Decision 8% 8.25% 8%
2025-12-23 08:00 PM Interest Rate Decision 7.5% 8% 8.0%
2026-01-26 08:00 PM Interest Rate Decision 6.5% 7.5% 7.5%
2026-04-21 08:00 PM Interest Rate Decision 6.5% 6.5%
2026-05-26 08:00 PM Interest Rate Decision
2026-06-30 08:00 PM Interest Rate Decision 7%


Related Last Previous Unit Reference
Central Bank Balance Sheet 158405.00 163448.00 UYU Million Jan 2026
Foreign Exchange Reserves 18993.00 18978.00 USD Million Jan 2026
Interest Rate 6.50 7.50 percent Feb 2026
Loans to Private Sector 1383.22 1380.20 USD Thousand Dec 2025
Money Supply M0 92458.00 85413.00 UYU Million Dec 2025
Money Supply M1 261990.00 246096.00 UYU Million Dec 2025
Money Supply M2 665735.00 632343.00 UYU Million Dec 2025


Uruguay Monetary Policy Rate
The Central Bank of Uruguay reintroduced on September 3rd, 2020, the monetary policy rate after seven years of trying to control inflation through changes in the money supply. The central bank had abandoned the use of a single benchmark interest rate in 2013.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 7.50 11.50 4.50 2007 - 2026 percent Daily

News Stream
Uruguay Cuts Key Rate by 50bps to 7.5%
The Central Bank of Uruguay reduced its policy rate by 50 bps to 7.50% in December 2025, moderating its contractionary bias and moving gradually toward a neutral policy stance. Inflation stood at 4.1% in November, remaining below the 4.5% objective, while core inflation eased to 4.3%. The BCU’s projections show short-term inflation forecasts revised down versus the previous Copom and declining in the coming months, converging below the 4.5% target over the policy horizon amid weaker domestic import prices and a modest downward revision to activity due to regional conditions. The Board emphasized the consolidation of inflation around the target, with market and analyst expectations declining to about 4.6% and the average of expectations including firms falling to 4.9%, and said it would continue its cycle of rate cuts toward neutrality if domestic conditions, inflation developments and expectations continue to evolve as projected.
2025-12-23
Uruguay Cuts Key Rate by 25bps to 8%
The Central Bank of Uruguay reduced its policy rate by 25 bps to 8.00% in November 2025, moderating its contractionary bias and moving gradually toward a neutral policy stance. Inflation stood at 4.32% in October, remaining around the 4.5% objective for the fifth consecutive month, while core inflation eased to 4.7% as most components decelerated over the quarter. The BCU’s projections show short-term inflation forecasts broadly stable versus the previous Copom and converging below the 4.5% target over the policy horizon, even after a modest downward revision to activity due to regional conditions. The Board emphasized the consolidation of inflation around the target and the two-year average stood at 4.98%, with market and analyst projections near 4.75% and 4.7%, and said it would continue its cycle of rate cuts toward neutrality if domestic conditions, inflation developments and expectations continue to evolve as projected.
2025-11-18
Uruguay Cuts Key Rate by 50bps to 8.25%
The Central Bank of Uruguay reduced its policy rate by 50 bps to 8.25% in October 2025, moderating its contractionary bias and moving gradually toward a neutral policy stance. Inflation stood at 4.25% in September, remaining around the 4.5% objective for the fourth consecutive month, while core inflation eased to 5.0% as most components decelerated over the quarter. The BCU’s projections show inflation evolving slightly below previous projections but converging to the 4.5% target over the policy horizon, even after a modest downward revision to activity due to regional conditions. The Board emphasized the consolidation of inflation around the target and the sustained decline in expectations, and said it would continue its cycle of rate cuts toward neutrality if domestic conditions, inflation developments and expectations, particularly business expectations, continue to evolve as projected.
2025-10-07