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.

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Paraguay Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.75 8.50 0.75 2010 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-04-22 08:00 PM 1.25% 2.25% 3%
2020-05-21 09:00 PM 1.25% 1.25% 1.25%
2020-06-22 09:00 PM 0.75% 1.25% 1.25%
2020-07-23 09:00 PM 0.75% 0.75% 0.75%
2020-08-24 08:00 PM 0.75%
2020-09-23 08:00 PM 0.75%
2020-10-22 08:00 PM 0.75%
2020-11-23 08:00 PM 0.75%


News Stream
Paraguay Holds Interest Rate at 0.75%
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.
2020-07-23
Paraguay Cuts Interest Rate to Record Low of 0.75%
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.
2020-06-22
Paraguay Keeps Interest Rate at 1.25%
The central bank of Paraguay kept its benchmark interest rate unchanged at 1.25 percent on 21 May 2020 following 100 bps on 22 April 2020. The unanimous decision kept borrowing costs to the lowest on record. Policymakers said that global economic conditions remain uncertain and any reopening of economies will need to be gradual. On the domestic side, economic activity continued to deteriorate as expected by the central bank, while inflation trended down. The Committee 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.
2020-05-21
Paraguay Cuts Interest Rate By 100 Bps to 1.25%
The central bank of Paraguay slashed its benchmark interest rate by 100 bps to 1.25 percent on 22 April 2020 following another 100 bps cut on March 30 in an emergency meeting. The unanimous decision brought borrowing costs to the lowest on record. Policymakers said that global economic conditions have significantly deteriorated in the last weeks and that domestic demand has weakened considerably . The Committee 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.
2020-04-22

Paraguay Interest Rate
In Paraguay, interest rates decisions are taken by the Central Bank of Paraguay (Banco Central del Paraguay). The official interest rate is the 14-day interest rate (la tasa de 14 días).