The Central Bank of Uruguay raised its benchmark policy rate by 50 bps to 10.25% on August 15, 2022, lifting its key rate for the ninth consecutive meeting and signaling more increases in the coming months. The bank, however, acknowledged signs of slowing global economic growth and easing inflationary pressures, but maintains a tightening stance as inflation and related expectations remain above target. In Uruguay, economic activity continued its recovery in the second quarter, which is maintained in the third, although at a somewhat more moderate pace. The bank expects to tighten further in the upcoming meetings as it aims to converge interest rates and inflation expectations within the target range by the end of this year. source: Banco Central del Uruguay
Interest Rate in Uruguay averaged 7.30 percent from 2007 until 2022, reaching an all time high of 10.25 percent in August 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 August of 2022.
Interest Rate in Uruguay is expected to be 10.25 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.