The Monetary Policy Committee (Copom) of Uruguay's Central Bank (BCU) decided Friday to maintain the Monetary Policy Rate (MPR) at 8.5% for the third month in a row to help keep inflation downwards and en route to the 4.5% Monetary Policy Horizon, it was announced in Montevideo after the first Copom meeting chaired by BCU's new president, Washington Ribeiro.
Uruguay's Public Health Ministry is permanently monitoring the possibility of a monkeypox outbreak in the South American country but so far no cases have been detected, Minister Karina Rando explained Thursday during a press conference in Montevideo.
Deputy Foreign Minister Nicolás Albertoni met Monday with his Chinese colleague Hua Chunying in Montevideo as the Southern Common Market (Mercosur) under Uruguay's rotating presidency kept pushing for a Free Trade Agreement with the Asian giant. Also present were dignitaries from the other members of the regional bloc as well as Beijing's Ambassador Huang Yazhong.
The FNC brewery in Minas in the department (province) of Lavalleja reopened Monday with some 30 workers to do some cleaning and maintenance before the others return next week, thus closing a long-standing conflict that threatened the survival of one of the plants belonging to Uruguay's most iconic beer producers.
June, July, August are months of the austral winter and Argentina, southern Brazil, Paraguay, Uruguay hold their main livestock shows, (Palermo, Esteio, Roque Alonso and Prado) including a display of the latest technology advances in cattle feeding and breeding.
Vice Presidents Beatriz Argimón of Uruguay and Victoria Villarruel of Argentina met in Buenos Aires during an international workshop where the Venezuelan crisis after the controversial July 28 elections was discussed, among other topics. Both Senate Speakers agreed on a proposed summit to discuss the case.
Uruguay will be reducing 20% port tariffs for cruise vessels this coming season 2024/25, announced further infrastructure facilities in Maldonado and marinas for large yachts in the harbors of Carmelo and Colonia, just across from Buenos Aires.
Uruguayan authorities released a report Monday showing that year-on-year inflation stood at 5.45% in July, thus remaining within target range although dangerously approaching its upper limits. According to the National Institute of Statistics (INE), the Consumer Price Index (CPI) recorded a monthly variation of 0.11% and accumulated an increase of 3.73% so far this year.
Uruguayan Foreign Minister Omar Paganini said Friday that there was an “overwhelming amount of information” whereby opposition candidate Edmundo González Urrutia may be considered the winner of Sunday's elections. However, Montevideo could not recognize him as president-elect because that legal procedure was up to the Venezuelan authorities.
The regime of Venezuelan President Nicolás Maduro has expelled ambassadors from Argentina, Chile, Costa Rica, Peru, Panama, the Dominican Republic, and Uruguay. This move follows widespread international condemnation of the recent presidential election results, which declared Maduro the victor amidst allegations of significant irregularities.