Uruguay's central bank held interest rates steady for a fourth consecutive policy meeting as inflation remained below its target. The decision reflects the bank's confidence that price pressures are contained and that the current monetary stance is appropriate.\n\nThe Uruguay's central bank maintained the benchmark rate at its current level, signaling a pause in its tightening cycle. Policymakers noted that inflation expectations are anchored and economic activity shows moderate growth, supporting the hold decision.\n\nAnalysts expect rates to stay unchanged in the near term unless inflation accelerates significantly.

The central bank emphasized its commitment to the inflation target and will monitor incoming data closely, particularly wage growth and exchange rate movements.\n\nThe hold marks a shift from earlier hikes and underscores the bank's data-dependent approach. With inflation running below the target range, the bank sees no immediate need for further tightening.