The central bank of Paraguay unanimously decided to increase the monetary policy interest rate by 50 basis points, to 7.75% at its June meeting to tame the surging domestic inflation. The current rate is the highest since November 2011 and the eleventh consecutive hike in interest rate since the monetary authority started tightening in March last year. The annual inflation rate in Paraguay slowed to 11.4% in May from 11.8% in April, amid lower food and fuel inflation. However, a new increase in fuel prices was recently registered, which is expected to affect monthly inflation in June and July. source: Banco Central del Paraguay
Interest Rate in Paraguay averaged 5.13 percent from 2010 until 2022, 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 2022.
Interest Rate in Paraguay is expected to be 7.75 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 8.00 percent in 2023, according to our econometric models.