Tag: Central Bank of Uruguay

• Monday, October 1st 2012 - 21:16 UTC

  Uruguay’s interest rates hike “will aggravate stubbornly high inflation”, anticipates CE

  

  The latest Uruguayan central bank decision to further hike interest rates is “unlikely to do much to tackle stubbornly high inflation” and contrary to this could end acting as a magnet for foreign capital inflow, “aggravating the very problem it seeks to address”, says Michael Henderson from Capital Economics.

• Saturday, September 29th 2012 - 09:16 UTC

  Anticipating an inflation sprint Uruguay’s central bank raised benchmark rate to 9%

  

  Uruguay's central bank raised its benchmark interest rate 25 basis points to 9% on Friday in a bid to cool inflation expectations. The bank had held the rate steady at its last two monthly monetary policy meetings.

• Thursday, September 20th 2012 - 22:11 UTC

  Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target

  

  The Uruguayan economy experienced a slight deceleration in the second quarter of this year, but with an overall positive evolution. GDP increased 0.8% over the previous quarter and 3.8% over the same quarter a year ago, according to the latest release from the Central bank.

• Thursday, September 6th 2012 - 06:15 UTC

  August anticipates that Uruguay’s annual inflation out of target at 8%

  

  Consumer prices in Uruguay rose 0.93% during August, above expectations and leaving the Central bank with not much margin to apply counter measures. In the twelve months to August inflation was 7.88%, up from July’s 7.48%.

• Wednesday, August 15th 2012 - 23:50 UTC

  Uruguay discourages short-term capital inflow to ensure macroeconomic stability

  

  Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.

• Thursday, July 26th 2012 - 20:28 UTC

  Uruguay central bank suggests “serene alert” attitude to address global crisis impact

  

  Uruguay must adopt an attitude of “serene alert” given the “uncertainty and uncommon volatility” prevailing in the world said central bank president Mario Bergara, underlining the country has reduced “vulnerabilities” considerably.

• Tuesday, July 24th 2012 - 06:31 UTC

  Uruguay raises banks’ reserves requirements to help bring down inflation

  

  Uruguay's central bank said on Monday it will raise marginal reserve requirements on local and foreign currency deposits from Aug. 1 as part of its efforts to bring inflation within the official target range.

• Monday, July 16th 2012 - 07:24 UTC

  Uruguayan Central bank poll shows economy is expected to grow at slower pace

  

  The Uruguayan economy is set to grow 3.57% in 2012 which is below the government’s forecast according to the latest analysts and businesspeople poll published last Friday by the central bank.

• Wednesday, July 4th 2012 - 03:04 UTC

  Uruguay leaves benchmark rate at 8.75% on persistent concern with inflation

  

  Uruguay's central bank held its benchmark interest rate steady at 8.75% on Tuesday, citing “reasonable” economic growth and persistent concern about inflation expectations above target.

• Wednesday, June 6th 2012 - 06:27 UTC

  Uruguay planning to expand nascent sovereign debt market to improve liquidity

  

  Uruguay wants to expand its nascent local sovereign debt market to improve the liquidity of its securities, said Azucena Arbeleche, the head of the country’s debt management unit at the Ministry of Economy and Finance.