Uruguay’s Central Bank Holds Key Interest Rate at 8.5%

On Tuesday, the Central Bank of Uruguay (BCU) held its Monetary Policy Rate (MPR) at 8.5%, a move aimed at controlling inflation without stifling economic growth. This decision follows careful analysis by the Monetary Policy Committee (Copom), which seeks to keep inflation near a 4.5% target. Currently, Uruguay’s annual inflation hovers at 4.96%, strikingly close […]