Tag: Central Bank of Uruguay

Wednesday, June 11th 2014 - 01:48 UTC
Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.
Monday, March 31st 2014 - 19:42 UTC
Uruguay and Peru in line for a possible upgrading, according to Moody's

Uruguay and Peru are the first Latin American countries in line for a possible credit rating hike by Moody's Investors Service, at a moment when sovereign upgrades are expected to become more scarce in the region, a senior analyst with the ratings firm said.
Monday, November 18th 2013 - 18:33 UTC
Astori forecasts Uruguay's inflation in the range of 3 to 7% in the next two years

Vice-president Danilo Astori confirmed that Uruguay will continue with its current flexible foreign exchange policy, because “this has helped us reduce volatilities”, but also admitted concern about inflation, the third highest in South America and fourth in Latin-American and the Caribbean.
Wednesday, September 4th 2013 - 00:36 UTC
Food, education and healthcare rising prices keep Uruguay’s inflation out of target

Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE.
Tuesday, August 6th 2013 - 03:05 UTC
Inflation in Uruguay remains ever so far from the Central bank annual target

Consumer prices in Uruguay during July increased 0.77% while twelve-month inflation reached 8.75%, which is the highest since last February, and well ahead of the 8.21% to June, according to the latest release from the country’s National Stats Institute, INE.
Saturday, June 15th 2013 - 02:33 UTC
Uruguay’s economy expands 3.7% in the first quarter compared to a year ago

Uruguay’s economy expanded 1.2% in the first quarter of the year compared to the last quarter of 2012, which had a poor performance of 0.1%, according to the latest release from the Central Bank. Likewise in the first quarter the economy increased 3.7% over the same period a year ago.
Friday, June 7th 2013 - 05:40 UTC
Uruguay tightens terms for the inflow of short-term capital inflows

Uruguay announced on Thursday new measures to discourage short term speculative capital inflows that have appreciated the Peso, eroded the country’s international competitiveness, made imports cheaper than domestic production and threaten an already stubborn inflation.
Wednesday, May 22nd 2013 - 05:53 UTC
Uruguay’s main problem is high inflation but no policy changes planned, says Astori

Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%.
Wednesday, May 8th 2013 - 09:19 UTC
Uruguay’s inflation in April eased for third month running, but remains above target

Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.
Saturday, April 20th 2013 - 09:07 UTC
Uruguay investing hundreds of millions to support the US dollar and exports edge

Uruguay’ financial and political stability is backfiring as the Central bank is forced to buy a massive inflow of foreign capital which in turn creates an abundance of Pesos that need to be absorbed to control inflation and support the competitive edge of the country’s exports.