Tag: Uruguay economy

• Tuesday, November 5th 2013 - 07:56 UTC

  Uruguay October inflation 0.82% and 9.09% in the first ten months of 2013

  

  Uruguay's consumer prices' index increased 0.82% in October, and 8.67% in the last twelve months but 9.09% in the first ten months of the year, according to the latest release from the country's Stats Office, INE.

• Sunday, October 6th 2013 - 06:56 UTC

  IMF raises Uruguay’s 2013 growth estimate but lowers 2014 forecast

  

  The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had “moderated to a more sustainable pace” after a decade of strong expansion.

• 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.

• Wednesday, June 5th 2013 - 08:05 UTC

  Inflation in Uruguay falls for the fourth month running but still above target

  

  Consumer prices in Uruguay during May increased 0.32% and 8.06% in the last twelve months which is still above the annual top target range of 6%, but on the positive side for the fourth month running inflation has been decreasing, according to the latest release from the stats office INE.

• Thursday, May 2nd 2013 - 08:03 UTC

  Where is Uruguay’s economy headed?

  

  Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.

• Thursday, March 28th 2013 - 10:03 UTC

  Uruguay 2012 GDP expanded 3.9% boosted by construction and domestic demand

  

  Uruguay’s GDP expanded 3.9% last in 2012 over the previous year despite a slight contraction in the fourth quarter, according to a late Wednesday release from the Central bank. The bank’s original estimate was 4%. In 2011 the economy grew a revised 6.5%.

• Sunday, March 24th 2013 - 03:11 UTC

  Uruguay leaves benchmark rate unchanged; fears of slower economy and too strong Peso

  

  Uruguay’s central bank surprised the market by keeping on hold the benchmark interest rate at 9.25% after increases at the two previous monetary policy meetings failed to slow inflation, one of the country’s main concerns.

• Monday, March 18th 2013 - 20:36 UTC

  Uruguayan economy expanded between 3% and 3.5% last year says Central bank

  

  The Uruguayan economy expanded between 3% and 3.5% last year which is below the 5.7% of 2011, mostly because of a serious drought and a deteriorating world situation, advanced the country’s Central bank president Mario Bergara.

• Friday, March 8th 2013 - 07:58 UTC

  Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies

  

  Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.

• Thursday, March 7th 2013 - 00:46 UTC

  Uruguay’s central bank acts to contain inflation out of target for three years running

  

  Uruguay's central bank announced on Wednesday it will raise marginal reserve requirements on local and foreign currency deposits from April 1 as part of its effort to bring inflation within the official target range, which has been missed in the last three years.