The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its July meeting. The Monetary Policy Committee noted that while have been improvements in the short-term indicators for construction, livestock, manufacturing and even services, the coronavirus pandemic remains the main challenge. Regarding inflation, policymakers noted that the year-on-year acceleration is mainly due to the lower basis of comparison. source: Banco Central del Paraguay
Interest Rate in Paraguay averaged 5.15 percent from 2010 until 2021, 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 July of 2021.
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. In the long-term, the Paraguay Interest Rate is projected to trend around 1.50 percent in 2022 and 2.50 percent in 2023, according to our econometric models.