Tag: Central Bank of Uruguay

• Tuesday, June 5th 2012 - 23:34 UTC

  Uruguay lost competitiveness for sixth month running in April with main trade partners

  

  External competitiveness of Uruguayan goods dropped for the sixth month running in April because locally produced goods’ prices in US dollars dropped less than those of its main trade partners according to figures released by the Central bank.

• Friday, May 4th 2012 - 06:19 UTC

  Uruguay’s April inflation spikes and remains well above the annual target

  

  Uruguay's annual consumer inflation accelerated in April owing to a big increase in food, clothing and transportation prices, reported the government’s statistics office, INE on Thursday.

• Friday, March 30th 2012 - 07:11 UTC

  Inflation notoriously above the target range, admits Uruguay’s central bank

  

  The Central Bank of Uruguay left its benchmark interest rate unchanged at 8.75% on Thursday, saying the current level is consistent with a restrictive monetary policy as Uruguayan authorities stubbornly battle high inflation.

• Monday, March 5th 2012 - 05:50 UTC

  Uruguayan economy forecasted to expand 4% to 4.5%; inflation main challenge

  

  Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.

• Friday, February 3rd 2012 - 18:14 UTC

  Uruguay inflation up 0.74% in January and 8.05% in the last twelve months

  

  Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.

• Friday, January 27th 2012 - 11:05 UTC

  Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade

  

  Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.

• Tuesday, January 24th 2012 - 04:05 UTC

  Uruguay expanded 6% in 2011 and fiscal deficit dropped to 0.8% of GDP

  

  Finance Minister Fernando Lorenzo said that Uruguay’s economy in 2011 expanded an estimated 6%, the ninth year running of sustained growth, and the budget fiscal deficit was 0.8% of GDP.

• Friday, December 30th 2011 - 21:22 UTC

  Uruguay fearing inflation drastically rises basic rate 75 points to 8.75%

  

  Uruguay’s central bank unexpectedly increased on Friday its benchmark interest rate by 75 points from 8% to 8.75%o as policy makers admit inflation, and mid term expectations remain notoriously over the target range and price stability is the main concern in “the current socio-economic context”.

• Tuesday, December 6th 2011 - 13:35 UTC

  Uruguay filed to issue up to 2 billion dollars in new 2028 global bonds

  

  Uruguay announced on Monday filed to issue up to two billion dollars in new global bonds maturing in 2028 and to conduct a series of liability management transactions designed to further improve its external debt profile, including an exchange offer and a cash tender offer for certain of its outstanding debt securities.

• Tuesday, November 22nd 2011 - 22:07 UTC

  Uruguay’s central bank confident about commodities’ price prospects

  

  Uruguay’s Central bank sees “few probabilities” of a strong deceleration in emerging economies or a ‘significant’ fall in commodities prices even when lately there has been a drop in the value of grains although still above their historic average.