Uruguay Hikes Interest Rate to 8.75% to Curb Inflation

Uruguay’s central bank has raised its benchmark interest rate to 8.75%, up from 8.50% in November. This 25 basis point increase aims to bring inflation in line with the target of 4.5% within two years. The decision comes after careful analysis of economic indicators. Annual inflation in November stood at 5.03%, marking 18 months within […]