Policy Interest Rate in Uruguay
The Policy Interest Rate (%, eop) ended 2024 at 8.75%, down from the 9.25% end-2024 value and down from the reading of 9.25% a decade earlier. For reference, the average interest rate in Latin America was 12.11% at end-2024. For more information on interest rate, visit our dedicated page.
Uruguay Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Uruguay from 2014 to 2024.
Source: Macrobond.
Uruguay Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 4.50 | 5.75 | 11.25 | 9.25 | 8.75 |
| Average Deposit Rate (%, aop) | 4.79 | 3.80 | 6.24 | 8.10 | 7.30 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan interest rate projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Uruguayan interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan interest rate projections.
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