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 Interest Rate in Uruguay averaged 8.50 percent from 2007 until 2018, reaching an all time high of 10 percent in January of 2009 and a record low of 5 percent in September of 2007.

Interest Rate in Uruguay is expected to be 9.25 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 9.25 in 12 months time. In the long-term, the Uruguay Interest Rate is projected to trend around 9.25 percent in 2020, according to our econometric models.

Uruguay Interest Rate
Forecast Data Chart
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Uruguay Money Last Previous Highest Lowest Unit
Money Supply M0 54651.00 57722.00 60307.00 5552.00 UYU Million [+]
Money Supply M1 146512.00 153111.00 155305.00 11548.00 UYU Million [+]
Interbank Rate 2.06 2.21 7.11 0.32 percent [+]
Money Supply M2 321802.00 321545.00 321802.00 20697.00 UYU Million [+]
Foreign Exchange Reserves 15329.60 17779.50 18810.00 1681.60 USD Million [+]
Loans to Private Sector 1199.55 1197.13 1805.44 78.75 USD Thousand [+]
Deposit Interest Rate 5.12 5.07 147.55 1.83 percent [+]
Central Bank Balance Sheet 105312.00 114696.00 115489.00 5143.00 UYU Million [+]

Uruguay Interest Rate

In Uruguay, interest rate decisions are taken by the Central Bank of Uruguay's Monetary Policy Committee (Banco Central Del Uruguay, Comité de Política Monetaria). The official interest rate is the monetary policy rate (Tasa de Política Monetaria - TPM). This page provides - Uruguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.25 9.25 10.00 5.00 2007 - 2018 percent Daily

Country Last Previous
Argentina 83.21 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.25 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19