Uruguay cuts benchmark interest rate by 25 basis pts to 11.25%

Kitco Media
By Reuters
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Reuters
April 19 (Reuters) - Uruguay's central bank cut its benchmark interest rate by 25 basis points on Wednesday, the bank announced in a statement, lowering the key borrowing rate to 11.25% and marking one of the first moves to reduce interest rates in the region. (Reporting by David Alire Garcia; Editing by Isabel Woodford)

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