Low rate Europe on Uruguay radar but no rush

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Low rate Europe on Uruguay radar but no rush

Uruguay
Hand Sculpture, the simbol of Punta del Este, Uruguay. It's a plastic work standing here since the summer of 1982, when the Chilean artist Mario Irrazábal was invited to take part in the 1st International Meeting of Modern Sculpture in the Open Air held in the City of Punta del Este. | Kseniya Ragozina - Fotolia

The prospect of interest rates in Europe remaining low for a long time means that Uruguay is not likely to raise euro-denominated debt “in the very short term”, said a debt official from the country, but the sovereign is looking at the market as a way to continue to diversify its investor base.

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