Tag: Central Bank of Uruguay

• Tuesday, February 3rd 2026 - 22:12 UTC

  Uruguay’s peso the most “overvalued” currency as it tops Big Mac index ranking

  

  Uruguay’s peso has been labelled the world’s most “overvalued” currency against the U.S. dollar on a GDP-per-capita-adjusted basis, according to the latest Big Mac Index published by The Economist and cited by Uruguayan media. Under the adjusted methodology, the peso is estimated to be 83.9% above its implied “long-run equilibrium.” In the unadjusted ranking, Uruguay places second, with 43.1% overvaluation, behind the Swiss franc.

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• Thursday, January 29th 2026 - 00:01 UTC

  Uruguay’s farm sector warns low dollar threatens jobs as peso strength squeezes exports

  

  Uruguay’s Rural Association (ARU) is warning that the slide in the U.S. dollar is pushing the farm sector into a “critical situation,” arguing that while a stronger peso may feel beneficial for people paid in local currency, the broader impact can be job losses in export-oriented activities.

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• Tuesday, January 27th 2026 - 10:18 UTC

  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.

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• Tuesday, January 6th 2026 - 09:06 UTC

  Uruguay records lowest yearly inflation in over two decades

  

  Uruguay's inflation last year fell below the Central Bank’s (BCU) official target of 4.5%, hitting 3.65% after December's -0.09%, making President Yamandú Orsi's first annual National Institute of Statistics (INE) report a historic one with figures not recorded since 2001.

• Saturday, July 5th 2025 - 10:53 UTC

  Uruguay's inflation closer to target

  

  Uruguay's year-on-year inflation rate dropped to 4.59% in June, marking its fourth consecutive monthly decline. This figure is very close to Uruguay's Central Bank (BCU) target of 4.5% and keeps inflation within the 3% to 6% tolerance range for the 25th consecutive month.

• Friday, March 21st 2025 - 10:17 UTC

  Uruguay’s economy rebounded in 2024, but growth expected to slow in 2025

  

  Uruguay’s economy expanded by 3.1% in 2024, recovering from a severe drought the previous year, according to national accounts data released by the Central Bank of Uruguay (BCU). However, economists warn that growth in 2025 is likely to return to the country's historical pace of slower expansion.

• Thursday, February 6th 2025 - 08:23 UTC

  Uruguay's inflation reaches 1.1% in January

  

  Uruguay's Consumer Price Index (CPI) went up 1.1% last month and 5.05% interannually, the National Institute of Statistics (INE) said in a report released Wednesday in Montevideo. Wednesday's figures represented a slight improvement for President Luis Lacalle Pou's administration after recording 1.53% in January 2024 for a 5.09% yoy.

• Wednesday, January 29th 2025 - 20:07 UTC

  Financial scandal in Uruguay: Conexión Ganadera and the model that ended up as a Ponzi scheme

  

  The collapse of Conexión Ganadera, one of Uruguay's leading cattle investment firms, has left hundreds of savers in suspense after it was revealed that its financial model operated as a Ponzi scheme. This was stated by accountant Ricardo Giovio, hired by the company to evaluate its situation.

• Tuesday, December 24th 2024 - 10:31 UTC

  Uruguay's BCU ups basic interest rate

  

  Uruguay's Central Bank (BCU) Monetary Policy Committee decided Monday to raise the TPM benchmark interest rate from 8.5% to 8.75% in a move to make inflation and expectations “meet” at 4.5% annually over the last 24 months. It was the first twitch to the TPM since April when it was cut from from 9%.

• Wednesday, August 28th 2024 - 09:36 UTC

  BCU's new VP insists the peso/dollar exchange rate is ruled by supply and demand

  

  Uruguay's Central Bank Vice President Martín Inthamoussu said Tuesday that the exchange rate between the local peso and the US dollar was “set by supply and demand.” He made those remarks minutes after taking up his new position and pledged to work to keep inflation low amid financial stability.