The central bank of Paraguay raised its benchmark interest rate by 50 bps to 1.5% on September 21st 2021, and deemed it timely to initiate a gradual process of normalization of its monetary policy, in order to assure the achievement of the medium term inflation target. Notwithstanding, it added the current monetary policy stance remains highly expansive and will continue to support economic recovery. In August, the annual inflation rate accelerated for a fifth straight month to 5.6% from 5.2% in July, the highest since June of 2014. source: Banco Central del Paraguay

Interest Rate in Paraguay averaged 5.09 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 October of 2021.

Interest Rate in Paraguay is expected to be 1.50 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 2.25 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Paraguay Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-21 09:00 PM 0.75% 0.75% 0.75%
2021-07-26 09:00 PM 0.75% 0.75% 0.75%
2021-08-23 10:00 PM 1% 0.75% 0.75%
2021-09-21 10:00 PM 1.5% 1% 1.25%
2021-10-21 10:00 PM 1.5% 1.5%
2021-11-22 10:00 PM
2021-12-21 10:00 PM


News Stream
Paraguay Hikes Interest Rate to 1.5%
The central bank of Paraguay raised its benchmark interest rate by 50 bps to 1.5% on September 21st 2021, and deemed it timely to initiate a gradual process of normalization of its monetary policy, in order to assure the achievement of the medium term inflation target. Notwithstanding, it added the current monetary policy stance remains highly expansive and will continue to support economic recovery. In August, the annual inflation rate accelerated for a fifth straight month to 5.6% from 5.2% in July, the highest since June of 2014.
2021-09-21
Paraguay Hikes Interest Rate to 1%
The central bank of Paraguay raised its benchmark interest rate by 25bps to 1% on August 23rd 2021, saying the increase in monthly inflation, although largely due to external factors, could eventually generate second-round effects with eventual impacts on inflation expectations. The annual inflation rate jumped to 5.2% in July, the highest since January 2016 and was up 1.2 percent from the previous month. Thus, the Committee considers appropriate to initiate a gradual process of normalization of monetary policy in order to guarantee the fulfillment of the goal in the medium term. However, the current profile of monetary policy remains highly expansionary and will continue to support the economic recovery.
2021-08-23
Paraguay Central Bank Holds Key Rate at Record Low
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its July meeting. The Monetary Policy Committee noted that while have been improvements in the short-term indicators for construction, livestock, manufacturing and even services, the coronavirus pandemic remains the main challenge. Regarding inflation, policymakers noted that the year-on-year acceleration is mainly due to the lower basis of comparison.
2021-07-26
Paraguay Central Bank Holds Key Rate at Record Low
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.
2021-06-21

Paraguay Last Unit Reference Previous Highest Lowest
Interest Rate 1.50 percent Sep/21 1.00 8.50 0.75
Foreign Exchange Reserves 8791.10 USD Million Sep/21 9027.40 9353.30 256.60
Money Supply M3 118338699.00 Million PYG Aug/21 117692220.00 118338699.00 2613624.00
Money Supply M2 64435392.00 Million PYG Aug/21 64044975.00 64435392.00 1459962.00
Money Supply M1 39651010.00 Million PYG Aug/21 39350499.00 39692317.00 827172.00
Money Supply M0 15903424.00 Million PYG Aug/21 15905212.00 17113328.00 567255.00
Loans To Private Sector 70813244.00 PYG Million Mar/18 70326370.00 70813244.00 2400540.00


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).