Uruguay

Uruguay Boosts Key Interest Rate to 8.75% Amid Inflation Concerns

16 hours ago

In a decisive move aimed at combatting surging inflation, Uruguay has increased its key interest rate to 8.75%. This significant adjustment highlights the government’s growing concerns regarding the stability of the nation’s economy as inflation levels continue to remain stubbornly high. The increase, announced by Central Bank authorities, underscores the urgency to stabilize the financial landscape.

Uruguay Strategically Maintains Key Interest Rate at 8.5% Amid Inflation Cooling

1 month ago

In a pivotal move for Uruguay's economic landscape, the Central Bank of Uruguay has decided to keep its benchmark interest rate steady at 8.5%. This decision, aimed at fostering a gradual slowdown in inflation, reflects the government's commitment to stabilizing the national economy while encouraging sustainable growth.

Uruguayan Elections: Orsi Takes Lead as Delgado Faces Pension Reform Backlash

2 months ago

In a surprising turn of events in the Uruguayan elections, candidate Daniel Orsi has surged ahead, overtaking his rival, the current President Luis Lacalle Pou’s candidate, Pedro Delgado. This shift in dynamics has created a sense of uncertainty in the market, primarily fueled by discussions surrounding potential reforms to the country's pension system.

Uruguay's Election Overshadowed by $23 Billion Pension Fund Vote

2 months ago

In a surprising turn of events, the upcoming elections in Uruguay are dominated not by political rhetoric or party promises, but by a critical vote regarding the nation's pension fund, valued at an astonishing $23 billion. This historic decision is poised to have profound implications on the fiscal landscape of Uruguay, as voters are called to decide the fate of the nation's pension scheme.