Tag: Central Bank of Uruguay

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.
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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.
Thursday, March 28th 2024 - 11:31 UTC
Uruguayan rural producers affected by stronger local currency

Uruguay's rural producers underlined that the constant appreciation of the local peso against the US dollar was detrimental to their exporting activities and insisted that the appropriate exchange rate should be US$ 1 = UY$ 58 instead of UY$ 37.5, which represents a 3.9% drop so far this year.
Friday, September 15th 2023 - 11:10 UTC
Drought strikes: Uruguay's economy shrinks by 2.5% in Year-on-Year analysis

The Central Bank of Uruguay has unveiled concerning economic data, revealing a 2.5% year-on-year decline in the country's Gross Domestic Product (GDP) for the second semester of 2023. The figures, released on Thursday, shed light on the adverse effects of the drought on Uruguay's economic landscape.
Friday, March 31st 2023 - 16:04 UTC
Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.