Uruguay holds rate for fourth consecutive time
Central bank projects inflation will remain within 3-6% target over coming two years
The Central Bank of Uruguay on August 16 held its policy rate at 8.5% following a slight rise in inflation last month.
Year-on-year inflation stood at 5.45% in July compared with 4.96% in June. However, the bank’s monetary policy committee (MPC) noted in a statement that the July figure remained within its target range of 3–6%.
The MPC added that the average inflation expectations over the coming two years had also fallen to 5.94%. July’s inflation figures, it said, were lower than expected.
It
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Supply shocks may become more frequent – BIS’s Maechler
Central banks should re-examine their policy approaches, says deputy general manager
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
The Fed can afford to loosen policy
As (nearly) the world’s most hawkish central bank, the Federal Reserve is right to start monetary loosening, writes Steve Kamin
Iceland eases monetary policy by 25bp
MPC cuts rates as CPI inflation excluding housing heads towards target
Risk management ‘key’ to monetary policy – IMF’s Kammer
Fund’s Europe chief urges central banks to rely less on forecasts when inflation is high
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
Jamaica and Dominican Republic announce 25bp cuts
Caribbean central banks continue their easing cycles
Colombia cuts rates by 50bp in split decision
Uncertainty over fiscal budget prevents further easing, analysts say