The central bank of Paraguay raised its benchmark interest rate by 25 bps to 5.5% on January 21st, 2022, it was the sixth consecutive hike since the monetary authority started the normalization process in August. Policymakers noted the resurge of pandemics internationally boosted by the new variant Omicron, however, it is important to note that the duration of the wave of contagious and the death rate are way lower when compared to other variants. Domestically, the economic recovery has maintained a favorable dynamic in the short term, while the spike in Covid-19 cases represents a downward risk for the economic recovery along of 2022. Still, the inflation rate remained above the target regime and it is expected to gradually ease during 2022. The annual inflation rate in Paraguay increased 6.8 percent in December of 2021 easing further from an over 10-year of 7.6 percent hit in October. source: Banco Central del Paraguay

Interest Rate in Paraguay averaged 5.07 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 January of 2022.

Interest Rate in Paraguay is expected to be 6.00 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 6.00 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Paraguay Interest Rate


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
5.50 5.25 8.50 0.75 2010 - 2022 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2021-11-22 10:00 PM 4% 2.75% 3.25%
2021-12-21 10:00 PM 5.25% 4% 5.25%
2022-01-21 10:00 PM 5.5% 5.25% 6%
2022-02-22 10:00 PM 5.5% 5.75%
2022-03-22 10:00 PM
2022-04-22 10:00 PM


Related Last Previous Unit Reference
Interest Rate 5.50 5.25 percent Jan/22
Foreign Exchange Reserves 8909.50 8619.00 USD Million Nov/21
Money Supply M3 116404373.00 118107817.00 Million PYG Nov/21
Money Supply M2 63717155.00 64005217.00 Million PYG Nov/21
Money Supply M1 38960779.00 39260780.00 Million PYG Nov/21
Money Supply M0 16157796.00 16015600.00 Million PYG Nov/21
Loans To Private Sector 70813244.00 70326370.00 PYG Million Mar/18


News Stream
Paraguay Hikes Interest Rate to 5.5%
The central bank of Paraguay raised its benchmark interest rate by 25 bps to 5.5% on January 21st, 2022, it was the sixth consecutive hike since the monetary authority started the normalization process in August. Policymakers noted the resurge of pandemics internationally boosted by the new variant Omicron, however, it is important to note that the duration of the wave of contagious and the death rate are way lower when compared to other variants. Domestically, the economic recovery has maintained a favorable dynamic in the short term, while the spike in Covid-19 cases represents a downward risk for the economic recovery along of 2022. Still, the inflation rate remained above the target regime and it is expected to gradually ease during 2022. The annual inflation rate in Paraguay increased 6.8 percent in December of 2021 easing further from an over 10-year of 7.6 percent hit in October.
2022-01-21
Paraguay Hikes Interest Rate to 5.25%
The central bank of Paraguay raised its benchmark interest rate by 125 bps to 5.25% on December 21st, 2021, it was the fifth consecutive hike since the monetary authority started the normalization process in August. Policymakers noted the shift for a more hawkish monetary policy stance by major central banks, with the Fed doubling the pace of the taper and signaling three interest rate hikes by the end of 2022, while the ECB reduced its pace of bond buying. Domestically, the economic recovery has maintained a favorable dynamic motivating an upwardly revision in the expected growth for 2021. Meanwhile, the acceleration of inflation keeps linked to the high prices of commodities and the higher external demand for meat. The bank added that according to the stronger economic recovery and the still expansionary policy position the second-order effects of high inflation can turn relevant, and influence the expectations in the medium term.
2021-12-21
Paraguay Hikes Interest Rate to 4.00%
The central bank of Paraguay raised its benchmark interest rate by 125 bps to 4.00% on November 22nd, 2021, it was the fourth consecutive hike since the monetary authority started the normalization process in August. Policymakers noted that the domestic activity recovery has maintained a favorable dynamic and it is consistent with the expected growth rate for 2021. Meanwhile, the acceleration of inflation keeps linked to is mainly explained by the high prices of commodities and the higher external demand for meat. The bank added that it projects to continue the cycle of adjustments in the December meeting of 2021, raising the interest rate by the same amount.
2021-11-22