The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its June meeting. The Monetary Policy Committee noted that while have been improvements in the short-term indicators for construction, manufacturing, and services sectors, the coronavirus pandemic remains the main challenge for economic performance in the coming months. Regarding inflation, rising commodity prices and elevated external demand has put pressure on fuel and food prices. However, low inflation in services has contained headline inflation. source: Banco Central del Paraguay
Interest Rate in Paraguay averaged 5.18 percent from 2010 until 2021, 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 July 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 1.50 percent in 2022 and 2.50 percent in 2023, according to our econometric models.