Central Bank of Uruguay Cuts Interest Rate to 11.25 Percent

Posted on 04/21/2023

On April 19, 2023, the Central Bank of Uruguay (Banco Central del Uruguay) lowered it interest rate policy by 25 basis points down to 11.25%. This is after the economy entered a technical recession in the second half of 2022. Uruguay became the second Latin American central bank to reduce rates this year. The Central…

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