The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent on 21 December 2020. The decision was unanimous. Policymakers said that several domestic economic activity indicators improved compared to the previous month but warned that economic activity remains well below 2019 levels. The Committee underscored that COVID-19 contagions are on the rise. Policymakers also noted that despite annual inflation rising to 2.2% in November from 1.7% in October, no inflationary pressures are expected in the short run. Policymakers added that they will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner. source: Banco Central del Paraguay

Interest Rate in Paraguay averaged 5.40 percent from 2010 until 2020, 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 2021.

Interest Rate in Paraguay is expected to be 0.75 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 1.00 in 12 months time. In the long-term, the Paraguay Interest Rate is projected to trend around 1.25 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Paraguay Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.75 8.50 0.75 2010 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-23 09:15 PM 0.75% 0.75% 0.75%
2020-10-22 09:00 PM 0.75% 0.75% 0.75%
2020-11-23 09:00 PM 0.75% 0.75% 0.75%
2020-12-21 11:00 PM 0.75% 0.75% 0.75%


News Stream
Paraguay Holds Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent on 21 December 2020. The decision was unanimous. Policymakers said that several domestic economic activity indicators improved compared to the previous month but warned that economic activity remains well below 2019 levels. The Committee underscored that COVID-19 contagions are on the rise. Policymakers also noted that despite annual inflation rising to 2.2% in November from 1.7% in October, no inflationary pressures are expected in the short run. Policymakers added that they will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner.
2020-12-21
Paraguay Holds Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent on November 23rd 2020. Policymakers said that several domestic economic activity indicators improved compared to the previous month but warned that economic activity remains well below 2019 levels. The Committee noted that the annual inflation rose to 1.7% in October from 1.6% in September and underscored that no inflationary pressures are expected in the short run. Policymakers added that they will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner.
2020-11-23
Paraguay Keeps Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate unchanged at 0.75 percent on 22 October 2020. The unanimous decision kept borrowing costs to its lowest level on record, on hold since June. Policymakers noted that several domestic economic activity indicators are showing signs of recovery compared to April as lockdowns ease, but warned that economic activity remains well below versus 2019. The Committee noted that inflation remained unchanged at 1.6% in September and underscored that no inflationary pressures are expected in the short run. Policymakers added that they will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner.
2020-10-22
Paraguay Holds Interest Rate at 0.75%
The central bank of Paraguay held its benchmark interest rate unchanged at 0.75 percent on 23 September 2020. The unanimous decision kept borrowing costs to its lowest level on record. Policymakers noted that several domestic economic activity indicators are showing signs of recovery, led by construction and manufacturing and slower decline rates in services. The Committee noted that inflation stopped trending downwardly and jumped to 1.6% in August from 1.1% in July, lifted mainly by food prices. Policymakers added that it will continue to closely monitor latest domestic and international developments, in order to evaluate the next monetary policy decisions in a timely manner.
2020-09-23

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).