The central bank of Paraguay cut its benchmark interest rate by 50 bps to 0.75 percent on June 22nd 2020. The move brings borrowing costs to its lowest level on record. Policymakers noted that domestic economic activity shrank in April amid the coronavirus pandemic and it is expected to contract at a softer pace in May. The Committee said that inflation continues to trend downwardly. Policymakers added that it will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner.
Interest Rate in Paraguay averaged 5.59 percent from 2010 until 2020, reaching an all time high of 8.50 percent in August of 2011 and a record low of 0.75 percent in June of 2020. This page provides - Paraguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Banco Central del Paraguay
Interest Rate in Paraguay is expected to be 0.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Paraguay to stand at 1.00 in 12 months time. In the long-term, the Paraguay Interest Rate is projected to trend around 1.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.