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Paraguay Holds Rate Steady Amid Inflation Fight
22 Nov
Summary
- Paraguay's central bank maintained its benchmark interest rate at 6%.
- The bank anticipates inflation will align with its target by year-end.
- The key rate has remained unchanged since April 2024.
Paraguay's central monetary authority has maintained its key interest rate at 6%. This decision reflects the bank's ongoing commitment to managing inflation and achieving its established targets.
The bank reiterated its forecast that inflation will gradually align with its target range of 3.5%, plus or minus two percentage points, by the conclusion of the upcoming year. This projection suggests a stable economic outlook.
This is the latest in a series of decisions keeping the benchmark rate unchanged since April 2024, a move that was anticipated by market analysts surveyed by the monetary authority.
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