Tag: Central Bank of Uruguay
Central Bank of UruguayUruguay’s April inflation spikes and remains well above the annual target
Uruguay's annual consumer inflation accelerated in April owing to a big increase in food, clothing and transportation prices, reported the government’s statistics office, INE on Thursday.
Inflation notoriously above the target range, admits Uruguay’s central bank
The Central Bank of Uruguay left its benchmark interest rate unchanged at 8.75% on Thursday, saying the current level is consistent with a restrictive monetary policy as Uruguayan authorities stubbornly battle high inflation.
Uruguayan economy forecasted to expand 4% to 4.5%; inflation main challenge
Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.
Uruguay inflation up 0.74% in January and 8.05% in the last twelve months
Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.
Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade
Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.
Uruguay expanded 6% in 2011 and fiscal deficit dropped to 0.8% of GDP
Finance Minister Fernando Lorenzo said that Uruguay’s economy in 2011 expanded an estimated 6%, the ninth year running of sustained growth, and the budget fiscal deficit was 0.8% of GDP.
Uruguay fearing inflation drastically rises basic rate 75 points to 8.75%
Uruguay’s central bank unexpectedly increased on Friday its benchmark interest rate by 75 points from 8% to 8.75%o as policy makers admit inflation, and mid term expectations remain notoriously over the target range and price stability is the main concern in “the current socio-economic context”.
Uruguay filed to issue up to 2 billion dollars in new 2028 global bonds
Uruguay announced on Monday filed to issue up to two billion dollars in new global bonds maturing in 2028 and to conduct a series of liability management transactions designed to further improve its external debt profile, including an exchange offer and a cash tender offer for certain of its outstanding debt securities.
Uruguay’s central bank confident about commodities’ price prospects
Uruguay’s Central bank sees “few probabilities” of a strong deceleration in emerging economies or a ‘significant’ fall in commodities prices even when lately there has been a drop in the value of grains although still above their historic average.
Uruguay has become an IMF creditor and contributed to bail-out Ireland
Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.
