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.