Paraguay’s central bank kept its policy rate unchanged at 5.50% at it's October 2026 meeting. The decision came as economic activity remained strong, with the central bank revising its 2026 GDP growth forecast upward from 4.5% to 5.0%, supported by services and utilities. Annual inflation stood at 1.7% in September, while core inflation excluding food and energy reached 1.5%. The central bank lowered its year-end inflation forecast from 3.3% to 3.0%, reflecting a more moderate path for non-energy goods prices, and cut its core inflation projection from 2.8% to 2.2%. Inflation expectations remained anchored at 3.5%. Meanwhile, external risks persisted amid elevated oil prices and geopolitical tensions in the Middle East, alongside expectations of higher US interest rates through the remainder of 2026 and into 2027. The central bank reaffirmed its commitment to price stability and its 3.5% inflation target. source: Banco Central del Paraguay

The benchmark interest rate in Paraguay was last recorded at 5.50 percent. Interest Rate in Paraguay averaged 5.55 percent from 2010 until 2026, 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 2026.

The benchmark interest rate in Paraguay was last recorded at 5.50 percent. Interest Rate in Paraguay is expected to be 5.50 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 5.50 percent in 2027 and 5.25 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-25 07:30 PM Interest Rate Decision 5.5% 5.5% 5.5%
2026-09-21 07:00 PM Interest Rate Decision 5.5% 5.5% 5.5%
2026-10-23 07:40 PM Interest Rate Decision 5.5% 5.5% 5.5%
2026-11-20 07:00 PM Interest Rate Decision 5.5%
2026-12-17 07:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 9353.00 9546.20 USD Million Oct 2026
Interest Rate 5.50 5.50 percent Oct 2026
Money Supply M0 20196722.20 20016461.43 PYG Million Sep 2026
Money Supply M1 46586000.00 47150191.00 PYG Million Sep 2026
Money Supply M2 103719413.00 103207145.00 PYG Million Sep 2026
Money Supply M3 173393440.00 173674972.00 PYG Million Sep 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 8.50 0.75 2010 - 2026 percent Daily

News Stream
Paraguay Central Bank Holds Policy Rate at 5.50%
Paraguay’s central bank kept its policy rate unchanged at 5.50% at it's October 2026 meeting. The decision came as economic activity remained strong, with the central bank revising its 2026 GDP growth forecast upward from 4.5% to 5.0%, supported by services and utilities. Annual inflation stood at 1.7% in September, while core inflation excluding food and energy reached 1.5%. The central bank lowered its year-end inflation forecast from 3.3% to 3.0%, reflecting a more moderate path for non-energy goods prices, and cut its core inflation projection from 2.8% to 2.2%. Inflation expectations remained anchored at 3.5%. Meanwhile, external risks persisted amid elevated oil prices and geopolitical tensions in the Middle East, alongside expectations of higher US interest rates through the remainder of 2026 and into 2027. The central bank reaffirmed its commitment to price stability and its 3.5% inflation target.
2026-10-23
Paraguay Holds Key Interest Rate at 5.50%
Paraguay’s central bank kept its policy rate unchanged at 5.50% at its September 2026 meeting. The bank noted that economic activity continues to perform favorably, in line with its projected 4.5% growth for 2026. Annual inflation remains low, mainly due to the behavior of goods prices, which increased 0.4%, particularly non-energy goods. Meanwhile, inflation in services and rents remains around 3.5%. Inflation is projected at 3.3% by year-end, converging toward the target over the monetary policy horizon. Inflation expectations remain aligned with the target. The external environment remains subject to risks, including developments in international petroleum product prices and uncertainty related to the conflict in the Middle East, particularly its potential implications for supply conditions and energy prices. In addition, market expectations point to another increase in the federal funds rate over the remainder of the year.
2026-09-21
Paraguay Holds Policy Rate at 5.50%
Paraguay’s central bank kept its policy rate unchanged at 5.50% at its August 2026 meeting, the decision reflected favorable domestic activity and subdued inflation. Economic activity rose 5.6% year-on-year in June, in line with the central bank’s 4.5% growth forecast for 2026, while business sales increased 4.1%. Annual inflation eased to 1.6% in July from a year earlier, with core inflation at 1.3%, while 12-month inflation expectations remained anchored at 3.5%. The central bank expects inflation to gradually rise to 3.3% by December and converge to 3.5% over the policy horizon. Externally, uncertainty remained elevated amid geopolitical tensions, high oil prices and expectations of a higher-for-longer Fed rate path. The next policy meeting is scheduled for September 21st.
2026-08-25