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MercoPress, en Español

Montevideo, February 10th 2026 - 02:06 UTC

Tag: interest rate

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

    Uruguay Central Bank accelerates easing, cuts key rate to 6.5% as dollar hits lows

    Dollar trades near May 2024 levels in Uruguay, at 38.62 pesos buy and 40.58 sell. The currency fell about 11% in 2025 and a further 4% so far in 2026.

    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.

  • Wednesday, June 18th 2025 - 09:38 UTC

    Chile's Central Bank keeps basic interest rate at 5%

    “The escalation of the war conflict in the Middle East adds further uncertainty to this outlook,” Chile's Central Bank reckoned

    Chile's Central Bank decided Tuesday to maintain the monetary policy interest rate at 5%, unchanged since December 2024, due to global economic uncertainties, particularly from escalating trade tensions and the Iran-Israel conflict in the Middle East, which pose risks to the US and global economies.

  • Wednesday, April 30th 2025 - 10:51 UTC

    Chile's Central Bank keeps basic interest rate unchanged

    Chile's Central Bank also foresaw that inflation would “continue at high levels in the immediate future”

    Chile's Central Bank unanimously decided Tuesday to keep the Monetary Policy Rate at 5%, aligning with market expectations. The bank highlighted increased global uncertainty due to U.S. tariffs under Donald Trump and geopolitical conflicts, given “uncertainty about the outlook for the global economy has increased considerably since the previous meeting, particularly following the tariff announcements made by the United States in early April and subsequent developments,” which have negatively impacted perceptions of global growth.

  • Friday, December 6th 2024 - 10:23 UTC

    Argentina's BCRA lowers basic interest rate again

    The previous decrease had been announced on Nov. 1 when the TNA was lowered from 40 to 35%

    Argentina's Central Bank (BCRA) announced Thursday a reduction in the basic interest rate (Nominal Annual Rate - TNA), from 35% to 32% while one for swaps will go down from 40% to 36%. The measure is effective as of Friday and impacts all fixed-term deposits.

  • Monday, July 22nd 2024 - 11:37 UTC

    European Central Bank leaves rate unchanged, waiting for September data

    ECB president Christine Lagarde said 2024 would be a year of “muted growth, accompanied by heightened uncertainty,”

    The European Central Bank (ECB) left its main interest rate unchanged at 3.75%, but president Christine Lagarde indicated that an interest rate cut is possible at its next meeting in September. However in her media conference following last Thursday announcement warned that risks to growth persist.

  • Thursday, November 2nd 2023 - 09:39 UTC

    Brazil cuts basic interest rate to 12.25% per year

    The Selic rate is the BCB's main instrument for managing official inflation

    Brazil's Monetary Policy Committee (Copom) unanimously decided Wednesday to reduce the economy's basic interest rate (known as the Selic rate) by 0.5 percentage points to 12.25% per year, Agencia Brasil reported.

  • Wednesday, August 16th 2023 - 11:33 UTC

    Russia/Ukraine conflict, ruble collapses and Moscow forced to hike interest rate

    The Bank of Russia announced its decision to hike interest rate to 12% after the ruble plummeted below the mark of 100 rubles for one US dollar.

    Russia's 's central bank hiked its key interest rate to 12% on Tuesday. The 3.5 percentage point rise represents a bid to fight high inflation and the sharp depreciation of the country's currency against the US dollar.

  • Tuesday, July 25th 2023 - 11:40 UTC

    Lula expects the Central Bank to lower the benchmark interest rate next week

    Lula has long called on the bank to cut the key Selic rate from its current six-year high of 13.75%, a level the government views as hindering economic growth

    Brazil's President Luiz Inácio Lula da Silva and his economic team in their ongoing battle with the independent Central Bank, have anticipated they expect a cut in the benchmark interest rate, of at least 25 points, pressuring bank policymakers to lower borrowing costs given a dramatic fall in inflation.

  • Thursday, October 6th 2022 - 09:11 UTC

    Mortgage rates in UK on the rise, first time since 2014

    The interest rate on a typical two-year fixed rate mortgage has breached 6% for the first time in 14 years

    Mortgage rates in the UK have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago. First-time buyers and those looking to remortgage are affected.

  • Thursday, August 4th 2022 - 10:01 UTC

    Brazil raises benchmark interest rate to 13,75%, and possibly more to come

    Since March 2021, the Brazilian central bank has rapidly raised the Selic from an all-time low of 2% introduced to stimulate the pandemic-battered economy

    Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

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