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.

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Paraguay Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.75 8.50 0.75 2010 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-04-26 09:00 PM 0.75% 0.75% 0.75%
2021-05-24 09:00 PM 0.75% 0.75% 0.75%
2021-06-21 09:00 PM 0.75% 0.75% 0.75%
2021-07-26 09:00 PM 0.75% 0.75% 0.75%
2021-08-23 09:00 PM 0.75% 0.75%
2021-09-21 09:00 PM
2021-10-21 10:00 PM
2021-11-22 10:00 PM


News Stream
Paraguay Central Bank Holds Key Rate at Record Low
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.
2021-07-26
Paraguay Central Bank Holds Key Rate at Record Low
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its June meeting. The Monetary Policy Committee noted that while have been improvements in the short-term indicators for construction, manufacturing, and services sectors, the coronavirus pandemic remains the main challenge for economic performance in the coming months. Regarding inflation, rising commodity prices and elevated external demand has put pressure on fuel and food prices. However, low inflation in services has contained headline inflation.
2021-06-21
Paraguay Holds Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its May meeting. Policymakers noted that while have been improvements in the short-term indicators of economic activity, particularly in the construction, manufacturing and trade sectors, the high rate of COVID-19 infections continues to represent the main risk, especially for the services sector.
2021-05-24
Paraguay Holds Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its April meeting. Policymakers noted that while have been improvements in the short-term indicators of economic activity, the ongoing coronavirus crisis represents a significant risk for economic performance in the coming months, especially for the services sector.
2021-04-26

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).