Tag: Central Bank of Uruguay

• Tuesday, August 17th 2021 - 11:15 UTC

  Uruguay central bank raises “price of money” reference from 4,5% to 5%

  

  The Uruguayan central bank following the meeting of its Copom, Monetary Policy Committee, decided last week to raise the basic monetary policy rate from 4,5% to 5%, in line with what has been happening in other central banks in the region.

• Thursday, July 29th 2021 - 07:46 UTC

  Uruguay economy forecasted to grow 3,5% in 2021, with inflation above target, Central bank report

  

  The Uruguayan Central bank in its second-quarter Monetary Policy report forecasted a 3,5% expansion for the country's economy, the same as the estimate of the Finance ministry, but anticipated higher inflation because of an increase in public rates and commodities.

• Wednesday, July 14th 2021 - 09:00 UTC

  Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

  

  The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.

• Thursday, June 24th 2021 - 09:22 UTC

  Uruguay's blooming economy shows covid-induced setback

  

  Uruguay's Gross Domestic Product (GDP) fell 2.8% in the first quarter of 2021 compared to the same period of 2020, according to a Central Bank (BCU) report released Wednesday.

• Thursday, May 6th 2021 - 09:33 UTC

  Uruguay's inflation projected at 6.8% year on year fits within government’s target

  

  Uruguay has managed to keep inflation at 6.8%, which is within the government's target range for the first time in 36 months, it was announced Wednesday.

• Friday, April 23rd 2021 - 22:08 UTC

  Uruguay's Central Bank concerned about growth projections for 2021 in coronavirus context

  

  Uruguay's Central Bank Friday released its report for the first quarter of 2021 which highlighted the entity's concern regarding “three relevant risks” in a growth scenario of just 3.5% this year.

• Thursday, June 25th 2020 - 12:03 UTC

  Uruguay raises US$ 2 billion in dual currency fresh funds

  

  Uruguay raised US$ 2 billion from a dual-currency debt deal on Wednesday, issuing UYU47.1 billion (US$ 1.12 billion) in new inflation-linked, 20-year notes and adding US$ 400 million to its 4.375% 2031 bonds, plus a rescheduling of US$ 500 million in 2027, 2028 and 2030 Indexed Units.

• Thursday, September 19th 2019 - 10:12 UTC

  Uruguay avoids recession, but the economy is stagnant

  

  The Central Bank of Uruguay (BCU) released the report of the country's quarterly economic situation, which reports that the Uruguayan economy grew by only 0.1% year-on-year and 0.3% in the second quarter of the year, compared to the first three months of the year, when it registered a 0.1% drop.

• Friday, August 5th 2016 - 12:18 UTC

  Moody's lowers Uruguay's banking system outlook to negative: inflation remains main challenge

  

  Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.

• Wednesday, September 23rd 2015 - 07:17 UTC

  Uruguay pumps greenbacks to keep the US dollar rate on sliding stability

  

  Uruguay's central bank was forced to sell almost 65 million dollars on Tuesday, the highest volume so far this year, to keep the US dollar from ballooning as fears of the collapse of the Brazilian economy are felt through the region. The dollar finally ended trading with a slight 0.12% increase at 28,826 Pesos to the greenback.