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LatinNews Daily - 27 January 2026
In brief: Uruguay slashes interest rates
*Uruguay’s central bank (BCU) has reduced interest rates by 100 basis points, bringing the rate to 6.5%. This is the biggest cut of the current easing cycle, which began in July 2025 when interest rates were lowered by 25 basis points to 9%. In a statement, the BCU highlighted that annual inflation ended 2025 at 3.65%, falling “below the expectations” and below the target range of 4.5%. Noting the international climate of uncertainty and “anomalous” domestic dynamics in recent weeks, the BCU decided to “advance and deepen the cycle of reduction” of interest rates and to enter an “expansive phase” to keep inflation under control. The BCU will reconvene for its next monetary policy meeting in March.
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- In brief: Uruguay slashes interest rates