The Central Bank of Paraguay cut its policy interest rate to 5.75% at its January meeting. The committee cited global developments including IMF estimates showing global growth at 3.3% in 2025 and 2026, while in the US GDP grew 4.4% annualised in Q3 2025, December job gains undershot expectations as unemployment fell to 4.4%, and annual inflation held at 2.7%, with markets still pricing further Federal Reserve cuts in 2026. Internationally oil prices rose amid geopolitical uncertainty despite oversupply expectations, while agricultural prices were mixed with soybeans rising and corn and wheat falling. Domestically the IMAEP grew 4.0% year on year in November supported by services, electricity and water, agriculture and livestock, while manufacturing softened. Inflation continued to ease with the CPI at -0.3% in December, annual inflation ending 2025 at 3.1%, and inflation expectations anchored at 3.5%. The CPM reaffirmed its commitment to price stability. source: Banco Central del Paraguay

The benchmark interest rate in Paraguay was last recorded at 5.75 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 February of 2026.

The benchmark interest rate in Paraguay was last recorded at 5.75 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 5.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-21 08:00 PM Interest Rate Decision 6% 6% 5.75%
2025-12-22 08:00 PM Interest Rate Decision 6% 6% 5.75%
2026-01-23 07:00 PM Interest Rate Decision 5.75% 6% 6.0%
2026-02-20 07:00 PM Interest Rate Decision 5.75% 5.75%
2026-03-20 07:00 PM Interest Rate Decision
2026-04-21 07:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 8775.80 9112.60 USD Million Jan 2026
Interest Rate 5.75 6.00 percent Jan 2026
Money Supply M0 21743786.24 19822487.76 PYG Million Dec 2025
Money Supply M1 47717327.00 44386110.00 PYG Million Dec 2025
Money Supply M2 96494567.00 91619952.00 PYG Million Dec 2025
Money Supply M3 162639483.00 161383370.00 PYG Million Dec 2025


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
5.75 6.00 8.50 0.75 2010 - 2026 percent Daily

News Stream
Paraguay Cuts Interest Rate 5.75%
The Central Bank of Paraguay cut its policy interest rate to 5.75% at its January meeting. The committee cited global developments including IMF estimates showing global growth at 3.3% in 2025 and 2026, while in the US GDP grew 4.4% annualised in Q3 2025, December job gains undershot expectations as unemployment fell to 4.4%, and annual inflation held at 2.7%, with markets still pricing further Federal Reserve cuts in 2026. Internationally oil prices rose amid geopolitical uncertainty despite oversupply expectations, while agricultural prices were mixed with soybeans rising and corn and wheat falling. Domestically the IMAEP grew 4.0% year on year in November supported by services, electricity and water, agriculture and livestock, while manufacturing softened. Inflation continued to ease with the CPI at -0.3% in December, annual inflation ending 2025 at 3.1%, and inflation expectations anchored at 3.5%. The CPM reaffirmed its commitment to price stability.
2026-01-23
Paraguay Holds Interest Rate at 6%
The Central Bank of Paraguay left its policy interest rate at 6% during its December meeting. The committee noted global developments including the Federal Reserve cutting its target range to 3.50%–3.75% in December with markets pricing further cuts in 2026, US employment in November beating expectations while unemployment rose to 4.6% and annual inflation eased to 2.7%. Internationally oil prices continued to decline amid global oversupply while agricultural prices were mixed with corn rising but soybean and wheat falling. Domestically the economy grew steadily with the Monthly Economic Activity Indicator up 5.7% year on year in October 2025 supported by services, manufacturing, agriculture and electricity and water. Inflation remained low with the monthly CPI at 0.2% in November and annual inflation at 4.1% while inflation expectations held at 3.7% for the next 12 months. The CPM reaffirmed its commitment to price stability.
2025-12-22
Paraguay Holds Interest Rate at 6%
The Central Bank of Paraguay left its policy interest rate at 6% during its October meeting. The committee noted global developments, including a modest rise in US inflation to 3.0% and stronger than expected job creation in September with unemployment rising to 4.4%, alongside a diminished probability of a further Federal Reserve rate cut in December. Internationally oil prices continued to decline amid a context of global oversupply, while agricultural commodities showed broad based strength with soybean, wheat and corn all rising on firmer short term demand. Domestically the economy grew steadily, with the Monthly Economic Activity Indicator up 6.7% year on year in September 2025, supported by services, manufacturing, agriculture and electricity and water. Inflation remained low, with the monthly CPI at -0.1% in October and the annual inflation rate at 4.1%, while expectations held at 3.7% for the next 12 months. The CPM reaffirmed its commitment to price stability.
2025-11-21