What is Paraguay's current benchmark interest rate?

Paraguay's central bank is maintaining its benchmark interest rate at 6%.

When does Paraguay expect inflation to reach its target?

Paraguay's central bank forecasts inflation will meet its target by the end of next year.

How long has Paraguay kept its interest rate unchanged?

Paraguay's key interest rate has been held steady since April 2024.

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Paraguay Holds Rate Steady Amid Inflation Fight

22 Nov

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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 Holds Rate Steady Amid Inflation Fight

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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