The Central Bank of Uruguay kept its policy rate unchanged at 5.75% at its June 2026 meeting, as its projections continue to place inflation on a path toward convergence with the 4.5% target over the monetary policy horizon. Inflation expectations also remained aligned with the central bank’s objective. Annual inflation rose to 3.77% in May, driven by higher administered prices, particularly energy, reflecting the impact of global supply shocks. Core inflation edged up to 3.6%, though policymakers noted no significant second-round effects. Easing geopolitical tensions in the Middle East reduced global financial volatility and pressure on energy prices. Labor market and income indicators remained resilient, while economic activity continued to expand. The central bank said inflation is likely to rise in the short term, but the balance of risks remains broadly balanced over the policy horizon. Future policy decisions will depend on incoming inflation data and its underlying dynamics. source: Banco Central del Uruguay

The benchmark interest rate in Uruguay was last recorded at 5.75 percent. Interest Rate in Uruguay averaged 7.84 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 July of 2026.

The benchmark interest rate in Uruguay was last recorded at 5.75 percent. Interest Rate in Uruguay is expected to be 5.75 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 5.75 percent in 2027 and 5.25 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-21 08:00 PM Interest Rate Decision 5.75% 6.5% 6.5%
2026-05-26 08:20 PM Interest Rate Decision 5.75% 5.75% 5.75%
2026-07-01 08:25 PM Interest Rate Decision 5.75% 5.75% 5.75%
2026-08-18 08:00 PM Interest Rate Decision 5.75%
2026-10-06 08:00 PM Interest Rate Decision
2026-11-17 08:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Central Bank Balance Sheet 172015.00 159841.00 UYU Million Jun 2026
Foreign Exchange Reserves 18243.00 18463.00 USD Million Jun 2026
Interest Rate 5.75 5.75 percent Jun 2026
Loans to Private Sector 1406.37 1401.03 USD Thousand May 2026
Money Supply M0 86740.00 89586.00 UYU Million May 2026
Money Supply M1 269920.00 268302.00 UYU Million May 2026
Money Supply M2 697696.00 719467.00 UYU Million May 2026


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
5.75 5.75 11.50 4.50 2007 - 2026 percent Daily

News Stream
Uruguay Holds Key Interest Rate
The Central Bank of Uruguay kept its policy rate unchanged at 5.75% at its June 2026 meeting, as its projections continue to place inflation on a path toward convergence with the 4.5% target over the monetary policy horizon. Inflation expectations also remained aligned with the central bank’s objective. Annual inflation rose to 3.77% in May, driven by higher administered prices, particularly energy, reflecting the impact of global supply shocks. Core inflation edged up to 3.6%, though policymakers noted no significant second-round effects. Easing geopolitical tensions in the Middle East reduced global financial volatility and pressure on energy prices. Labor market and income indicators remained resilient, while economic activity continued to expand. The central bank said inflation is likely to rise in the short term, but the balance of risks remains broadly balanced over the policy horizon. Future policy decisions will depend on incoming inflation data and its underlying dynamics.
2026-07-01
Uruguay's Central Bank Holds Key Interest Rate at 5.75%
The Central Bank of Uruguay kept its benchmark interest rate unchanged at 5.75% at its May 2026 meeting, aiming to ensure inflation converges to the 4.5% target and to keep expectations anchored. Annual inflation stood at 3.16% in April, while core inflation reached 3.45%, continuing the convergence process toward the target. Two-year inflation expectations from analysts and financial markets remained anchored at 4.5%, while companies’ expectations stood at 5%, bringing the overall average to 4.67%. Globally, persistent conflict in the Middle East continued to keep energy prices elevated and volatile, while higher long-term interest rates created a less favorable environment for emerging markets. Domestically, available indicators pointed to a recovery in economic activity and employment in the first quarter, with moderate growth expected for the rest of the year. Still, the central bank noted that inflation risks had shifted slightly to the upside due to persistently high oil prices.
2026-05-26
Uruguay Keeps Key Rate at 5.75%
The Central Bank of Uruguay keeps its policy rate at 5.75% in April 2026, aiming to drive inflation toward the 4.5% annual target amid high global uncertainty. Inflation stood at 2.94% in March, hitting the floor of the tolerance range due to falling food prices, while core inflation accelerated to 3.5%. Economic activity shows signs of improvement in the first quarter, driven by private consumption. BCU projections suggest inflation will face upward pressure next year due to volatile oil prices and logistics costs stemming from the Middle East conflict. However, with analyst expectations anchored at 4.5% and firms at 5%. The Board emphasized that monetary policy is in a solid position to monitor international risks and ensure inflation converges to the target as projected.
2026-04-21