The central bank of Paraguay decided unanimously to cut its benchmark interest rate by 25 bps to 4 percent on its September 23rd 2019 meeting. The move follows a 25bps slash in the previous meeting and leaves the rate at its lowest level since 2010, amid lower inflation and concerns regarding global economic growth. Policymakers noted that the annual inflation rate fell to 2.8% in August from 3.1% in July due to cost of food and added that inflationary pressures will not be anticipated in the coming months. The Committee said that the decision is appropriate with the convergence of inflation to the target of 4% and that they will continue to monitor domestic and external macroeconomic variables and take actions if necessary. Interest Rate in Paraguay averaged 5.91 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 3.75 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 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 08:15 PM Interest Rate Decision 4% 4.25% 4.25%
2019-10-21 08:00 PM Interest Rate Decision 4% 4%
2019-11-22 08:00 PM Interest Rate Decision 3.75%
2019-12-20 08:00 PM Interest Rate Decision 3.75%


Paraguay Money Last Previous Highest Lowest Unit
Interest Rate 4.00 4.25 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 12017482.00 11960167.00 13756571.00 567255.00 Million PYG [+]
Money Supply M1 29021007.00 28471249.00 30155797.00 827172.00 Million PYG [+]
Money Supply M2 49388972.00 48785053.00 49724754.00 1459962.00 Million PYG [+]
Money Supply M3 87966587.00 86187570.00 87966587.00 2613624.00 Million PYG [+]
Foreign Exchange Reserves 6660.20 6797.60 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.25 8.50 3.50 2010 - 2019 percent Daily




Country Last Previous
Argentina 68.00 Oct/19
Turkey 16.50 Sep/19
Mexico 7.75 Sep/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
Indonesia 5.25 Sep/19
India 5.15 Oct/19
China 4.20 Oct/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.72 Sep/19
South Korea 1.25 Oct/19
Australia 0.75 Oct/19
United Kingdom 0.75 Sep/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 Sep/19
Switzerland -0.75 Sep/19


Related

Latest