The BCU equilibrium between activity, inflation and interest rates

URUGUAY - Report 17 Jan 2023 by Esteban Fernández Medrano

We review in this report the latest activity and inflation indicators that determine the BCU interest rate policy in order to get a sense of what to expect from the next COPOM meeting, to be held on February 15, 2023. These indicators reaffirm our perspective that both inflation and growth are declining.

Although the Monetary Policy Committee decided at its most recent meeting to raise the reference rate once again, it did so only by 25bps and stated that “in the current context, no new increases are envisioned”. This seems to confirm that the monetary authority has come to the likely end of its interest rate rally.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.