The benchmark interest rate in Uruguay was last recorded at 11.90 percent. source: Banco Central del Uruguay

Interest Rate in Uruguay averaged 26.17 percent from 1998 until 2020, reaching an all time high of 173.90 percent in October of 2002 and a record low of 9.30 percent in July of 2007. This page provides - Uruguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Weighted Average Interest Rate - values, historical data and charts - was last updated on February of 2021.

Interest Rate in Uruguay is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Uruguay to stand at 10.40 in 12 months time. In the long-term, the Uruguay Weighted Average Interest Rate is projected to trend around 10.00 percent in 2021 and 9.60 percent in 2022, according to our econometric models.

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Uruguay Weighted Average Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.90 12.40 173.90 9.30 1998 - 2020 percent Daily

Uruguay Money Last Previous Highest Lowest Unit
Interest Rate 11.90 12.40 173.90 9.30 percent [+]
Money Supply M0 70653.00 64296.00 70653.00 5552.00 UYU Million [+]
Money Supply M1 188483.00 178680.00 188483.00 11548.00 UYU Million [+]
Interbank Rate 0.24 0.26 7.11 0.24 percent [+]
Money Supply M2 392618.00 373848.00 392618.00 20697.00 UYU Million [+]
Foreign Exchange Reserves 16217.10 16519.50 18810.00 1681.60 USD Million [+]
Loans to Private Sector 1208.02 1208.77 1805.44 78.75 USD Thousand [+]
Deposit Interest Rate 5.07 5.12 147.55 1.83 percent [+]
Central Bank Balance Sheet 117974.00 111110.00 143332.00 5143.00 UYU Million [+]

Uruguay Weighted Average Interest Rate
The Central Bank of Uruguay abandoned the use of a single benchmark interest rate in 2013 to fight inflation and instead it started using money supply variables to guide policy.