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. 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 September 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
2026-06-23 07:00 PM Interest Rate Decision 5.5% 5.5% 5.5%
2026-07-23 06:50 PM Interest Rate Decision 5.5% 5.5% 5.5%
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%
2026-10-23 07:00 PM Interest Rate Decision
2026-11-20 07:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 9740.80 9515.10 USD Million Jul 2026
Interest Rate 5.50 5.50 percent Aug 2026
Money Supply M0 20262314.00 20231324.00 PYG Million Jun 2026
Money Supply M1 48207067.00 46971050.00 PYG Million Jun 2026
Money Supply M2 100499762.00 98786315.00 PYG Million Jun 2026
Money Supply M3 169170293.00 166346009.00 PYG Million Jun 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 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
Paraguay Holds Interest Rate at 5.5%
Paraguay's central bank kept its benchmark interest rate unchanged at 5.5% in July 2026. Policymakers noted that domestic economic activity continues to outperform expectations, prompting an upward revision to the country's 2026 GDP growth forecast to 4.5% from 4.2%, supported by stronger prospects for agriculture, manufacturing, utilities, and services. At the same time, the inflation forecast for 2026 was lowered to 3.3% from 3.5%, reflecting softer price pressures for non-energy goods. Headline inflation eased to 2.1% in June, while core inflation remained at 1.1%, with inflation expectations anchored at 3.5%. Despite the favorable domestic outlook, the central bank highlighted rising external risks, including higher oil prices driven by Middle East tensions and expectations of further Federal Reserve rate hikes.
2026-07-23
Paraguay Keeps Interest Rates Unchanged in June
The Central Bank of Paraguay kept its benchmark interest rate unchanged at 5.50% during its June 2026 meeting. Policymakers said the economy remained resilient, with the IMAEP rising 3.4% year-on-year in April and the ECN increasing 3.0%. Annual inflation stood at 2.4%, while core inflation was 1.1%, both below the central bank’s 3.5% target. Abroad, policymakers noted stronger-than-expected US labor market data and rising inflation, with headline inflation reaching 4.2% in May. The US Federal Reserve kept rates steady at 3.50%-3.75%, though markets continue to price in further tightening. Meanwhile, Brent crude fell below $80 per barrel as geopolitical tensions eased after a provisional US-Iran agreement and the reopening of the Strait of Hormuz. Soybean, corn, and wheat prices also moved lower. The decision to hold rates signals that policymakers continue to view the current stance as neutral, balancing strong growth with moderate inflation.
2026-06-23