The Central Bank of Uruguay raised its benchmark policy rate by 75 bps to 9.25% at its May 2022 meeting, following a 125-bps hike and in line with the central bank’s announcement in the previous two meetings. It was the fourth hike in 2022, as the central bank aims to bring both the inflation rate and inflation expectations back to target. Consumer prices jumped 9.37% over a year in April, little changed from the previous month’s 15-month peak of 9.38% and well above the 3-7% target. On the contrary, economic activity recovered to levels above pre-pandemic levels, which is reflected through good labour market indicators. source: Banco Central del Uruguay
Interest Rate in Uruguay averaged 7.24 percent from 2007 until 2022, reaching an all time high of 10 percent in January of 2009 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 June of 2022.
Interest Rate in Uruguay is expected to be 9.25 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 9.25 percent in 2023 and 8.25 percent in 2024, according to our econometric models.