The central bank of Paraguay decided unanimously to cut its benchmark interest rate by 25 bps to 4.25 percent on August 21st 2019, mentioning that uncertainty around global economic growth prospects has intensified in recent weeks. Domestically, policymakers said that no relevant inflationary pressures are seen in the next months, and the rate cut is consistent with the convergence of the inflation rate to the target of 4 percent in the forecast horizon. Regarding growth, available indicators point to reduced economic activity. Interest Rate in Paraguay averaged 5.93 percent from 2010 until 2019, reaching an all time high of 8.50 percent in August of 2011 and a record low of 3.50 percent in November of 2010.

Interest Rate in Paraguay is expected to be 4.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Paraguay to stand at 3.75 in 12 months time. In the long-term, the Paraguay Interest Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Paraguay Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-22 10:00 PM Interest Rate Decision 4.75% 4.75% 4.75%
2019-06-21 10:00 PM Interest Rate Decision 4.75% 4.75% 4.75%
2019-07-22 11:00 PM Interest Rate Decision 4.50% 4.75% 4.75%
2019-08-21 09:35 PM Interest Rate Decision 4.25% 4.50% 4.5%
2019-09-23 08:00 PM Interest Rate Decision 4.25% 4.25%
2019-10-21 08:00 PM Interest Rate Decision 4.25%
2019-11-22 08:00 PM Interest Rate Decision 4%


Paraguay Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.50 8.50 3.50 percent [+]
Deposit Interest Rate 3.94 3.76 23.12 1.21 percent [+]
Loans To Private Sector 70813244.00 70326370.00 70813244.00 2400540.00 PYG Million [+]
Money Supply M0 11960167.00 11855442.00 13756571.00 567255.00 Million PYG [+]
Money Supply M1 28471249.00 28177884.00 30155797.00 827172.00 Million PYG [+]
Money Supply M2 48785053.00 48583730.00 49724754.00 1459962.00 Million PYG [+]
Money Supply M3 86187570.00 87340661.00 87340661.00 2613624.00 Million PYG [+]
Foreign Exchange Reserves 6797.60 6864.60 7437.90 256.60 USD Million [+]


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). This page provides - Paraguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.50 8.50 3.50 2010 - 2019 percent Daily




Country Last Previous
Argentina 84.01 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Aug/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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