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Montevideo, September 20th 2021 - 20:19 UTC

Tag: reference rate

  • Wednesday, July 14th 2021 - 09:00 UTC

    Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

    In its third 2021 meeting, Copom ratified the current reference interest rate of 4,5%, and anticipated it will wait for improved indicators

    The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.