Uruguay again holds policy rate at 8.5%
Inflation stays within target, but central bank remains cautious as neighbours begin easing
The Central Bank of Uruguay (BCU) on October 8 maintained its policy rate at 8.5%, marking its fifth consecutive hold after a slight decrease in inflation last month.
In a press release, the BCU noted that annual headline inflation had fallen to 5.32% in September from 5.57% in August. The central bank’s inflation target is 3–6%.
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