LatinNews Daily - 08 October 2025

*Uruguay’s central bank (BCU) has reduced interest rates by 50 basis points to 8.25%. This follows 25 basis-point cuts in August and July. In a statement, the BCU highlighted “stable” inflation of 4.25% in September which it said was within its target range of 4.5% +/-1.5% for a fourth consecutive month. Noting that inflation in the past quarter had continued to slow in most categories, the BCU also highlighted that in September, private sector representatives reduced inflation forecasts to 5.5%, which was “for the first time” within the target range. Bloomberg described the rate cut, which was a unanimous decision by the BCU, as unexpected, citing financial institutions surveyed by BCU as forecasting 25 basis point cuts yesterday (7 October) and in December.

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