MercoPress. South Atlantic News Agency

Uruguay Central Bank accelerates easing, cuts key rate to 6.5% as dollar hits lows

Uruguay’s Central Bank (BCU) cut its benchmark policy rate by 100 basis points to 6.5% and said monetary policy “enters an expansionary phase,” framing the move as a way to prevent inflation from drifting away from its 4.5% target and to respond to recent strains in the foreign-exchange market. Read full article