The Central Bank of Paraguay kept its policy rate on hold at 8.5% for the sixth consecutive decision in its March 2023 meeting and stated it will continue to monitor the local and international environment to make future decisions. At the domestic level, annual inflation stood at 6.9% in February, below the rate of the prior month (7.8%). Meantime, inflation expectations in March for the end of 2023 remained at 5%, still above the 4% target in the monetary policy’s horizon. The Monetary Policy Committee stated that although inflation has been showing a downward trajectory, convergence to the target is subject to eventual risks that could derive from a highly uncertain outlook. source: Banco Central del Paraguay

Interest Rate in Paraguay averaged 5.32 percent from 2010 until 2023, 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 March of 2023.

Interest Rate in Paraguay is expected to be 8.50 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 6.25 percent in 2024, according to our econometric models.

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Paraguay Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-24 10:00 PM 8.50% 8.50% 8.50%
2023-02-22 07:00 PM 8.50% 8.50% 8.50%
2023-03-22 10:00 PM 8.50% 8.50% 8.50%
2023-04-21 10:00 PM
2023-05-23 10:00 PM
2023-06-23 10:00 PM


Related Last Previous Unit Reference
Interest Rate 8.50 8.50 percent Mar 2023
Foreign Exchange Reserves 8417.10 8546.00 USD Million Feb 2023
Money Supply M3 119842627.00 123253367.00 Million PYG Jan 2023
Money Supply M2 66754747.00 69237204.00 Million PYG Jan 2023
Money Supply M1 40230863.00 42319079.00 Million PYG Jan 2023
Money Supply M0 17292979.76 18526164.40 Million PYG Jan 2023
Loans to Private Sector 70813244.00 70326370.00 PYG Million Mar 2018

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).
Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.50 8.50 0.75 2010 - 2023 percent Daily

News Stream
Paraguay Holds Key Rate at 8.5%
The Central Bank of Paraguay kept its policy rate on hold at 8.5% for the sixth consecutive decision in its March 2023 meeting and stated it will continue to monitor the local and international environment to make future decisions. At the domestic level, annual inflation stood at 6.9% in February, below the rate of the prior month (7.8%). Meantime, inflation expectations in March for the end of 2023 remained at 5%, still above the 4% target in the monetary policy’s horizon. The Monetary Policy Committee stated that although inflation has been showing a downward trajectory, convergence to the target is subject to eventual risks that could derive from a highly uncertain outlook.
2023-03-22
Paraguay Interest Rate Holds Key Rate at 8.5%
The Central Bank of Paraguay kept its policy rate on hold at 8.5% for the fourth consecutive decision in its January 2023 meeting and stated it would continue to monitor the local and international environment to make future decisions. At the domestic level, the Monthly Indicator of Economic Activity registered 1.6% year-on-year increase in November, mostly led by growth in agriculture and electricity generation. On the price front, monthly inflation was down 0.2% in December, while prices rose 8.1% year-on-year. The Committee's inflation expectations remained at 5% for 2023, still above its 4% target in the monetary policy’s horizon.
2023-01-24
Paraguay Holds Key Rate at 8.5%
The Central Bank of Paraguay unanimously held its policy rate at 8.5% for the third consecutive decision in its December 2022 meeting, and stated it would continue to make future decisions dependent on the latest data. The Monetary Policy Committee stated that inflation trajectories are in line with the body’s latest projections, holding year-end forecasts for 2022 at 8.6% after the latest data pointed to an annual price growth of 8.3% in November. Still, the central bank noted that inflation is expected to fall below its 4% target in the monetary policy’s horizon.
2022-12-20