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Uruguay Interest Rate

Uruguay's Monetary Policy Rate decreased from 8.75% in August 2025 to 8.25% in October 2025. This reduction reflects the Central Bank of Uruguay's move toward a neutral policy stance. Inflation has consolidated around the 4.5% target, registering 4.25% in September 2025. Declining inflation expectations particularly among businesses, drove the central bank's decision to continue rate cuts. Uruguay's record low Monetary Policy Rate was 4.5% in September 2020 and record high was 11.5% in December 2022.

Historical Data (2020-2025)

(in %)
Date Policy Interest Rate
Oct 08, 2025 8.25%
Aug 20, 2025 8.75%
Jun 30, 2025 9.25%
May 20, 2025 9.25%
Apr 08, 2025 9.25%
Feb 13, 2025 9%
Dec 23, 2024 8.75%
Nov 14, 2024 8.5%
Oct 08, 2024 8.5%
Aug 16, 2024 8.5%
Jun 30, 2024 8.5%
May 16, 2024 8.5%
Apr 10, 2024 8.5%
Feb 22, 2024 9%
Dec 29, 2023 9%
Nov 16, 2023 9.25%
Oct 05, 2023 9.5%
Aug 15, 2023 10%
Jul 06, 2023 10.75%
May 16, 2023 11.25%
Mar 31, 2023 11.5%
Feb 15, 2023 11.5%
Dec 30, 2022 11.5%
Nov 15, 2022 11.25%
Oct 06, 2022 10.75%
Aug 15, 2022 10.25%
Jul 06, 2022 9.75%
May 17, 2022 9.25%
Apr 07, 2022 8.5%
Feb 16, 2022 7.25%
Jan 05, 2022 6.5%
Nov 11, 2021 5.75%
Oct 05, 2021 5.25%
Aug 11, 2021 5%
Jun 30, 2021 4.5%
May 14, 2021 4.5%
Mar 26, 2021 4.5%
Feb 11, 2021 4.5%
Dec 23, 2020 4.5%
Nov 05, 2020 4.5%
Sep 03, 2020 4.5%

Recent Events

datetime event actual previous consensus
2025-10-07 04:00 PM Interest Rate Decision 8.25% 8.75% -
2025-08-19 04:00 PM Interest Rate Decision 8.75% 9% -

Next Release Date :

Uruguay Interest Rate : Definition
The Uruguay monetary policy rate is the benchmark interest rate set by the Central Bank of Uruguay. This rate influences other interest rates across the economy, affecting credit conditions, investment, consumption and ultimately inflation targets within Uruguay. The Central Bank of Uruguay uses this tool to manage economic activity.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 31.08% 28.58% 2024