November 16, 2023 – 15:47
In a new meeting, the Monetary Policy Committee (Copom) decided that the MPR would remain at 9.25%, unlike what the market expected.
He Monetary Policy Committee (Copom) of Central Bank of Uruguay (BCU) decided on a new reduction of reference interest rates, unlike what the market expected due to the behavior of peso bills in recent days, which predicted that they would remain at the same level.
In this way, the Copom set the Monetary Policy Rate (TPM) at 9.25%, despite the fact that in the previous meeting it had anticipated that it was “at a level close to ending the downward cycle”, at least until the inflation expectations and align with the target range.
Note in progress
Source: Ambito
