At its November meeting, the Monetary Policy Committee (CPM) unanimously decided to maintain the monetary policy interest rate at 8.50% per year. The CPM cited the following reasoning: on the international stage, the prospects for world economic growth for 2023 have continued to deteriorate, in a context of upward adjustments in reference rates in advanced countries and the continuation of restrictions in China to contain outbreaks of COVID-19 cases. Regarding commodities, the international prices of crude oil, wheat, and corn have fallen in recent weeks. In the financial markets, there has been a decrease in sovereign bond yields and a weakening of the dollar after the inflation data from the United States that were more favorable compared to those expected by the market. source: Banco Central del Paraguay
Interest Rate in Paraguay averaged 5.24 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 November of 2022.
Interest Rate in Paraguay is expected to be 8.50 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 8.00 percent in 2023, according to our econometric models.