Paraguay - Tasso di interesse

The central bank of Paraguay decided unanimously to leave the benchmark interest rate unchanged at 4 percent on its November 2019 meeting, following unchanged policy in the October meeting. Policymakers underscored that global economic conditions remain weak, particularly within industrial activity and international trade. The Committee said that the decision is appropriate with the convergence of inflation to the target of 4% and added that they will continue to monitor domestic and external macroeconomic variables and take actions if necessary.

The central bank of Paraguay decided unanimously to leave the benchmark interest rate unchanged at 4 percent on its October 2019 meeting, following two consecutive rate cuts bringing borrowing costs at its lowest level since 2010. Policymakers noted that the annual inflation rate fell to 2.6% in September from 2.8% in August due to cost of rent and services, and added that inflationary pressures will not be anticipated in the coming months. The Committee said that the decision is appropriate with the convergence of inflation to the target of 4% and added that they will continue to monitor domestic and external macroeconomic variables and take actions if necessary.

The central bank of Paraguay decided unanimously to cut its benchmark interest rate by 25 bps to 4 percent on its September 23rd 2019 meeting. The move follows a 25bps slash in the previous meeting and leaves the rate at its lowest level since 2010, amid lower inflation and concerns regarding global economic growth. Policymakers noted that the annual inflation rate fell to 2.8% in August from 3.1% in July due to cost of food and added that inflationary pressures will not be anticipated in the coming months. The Committee said that the decision is appropriate with the convergence of inflation to the target of 4% and that they will continue to monitor domestic and external macroeconomic variables and take actions if necessary.

The central bank of Paraguay decided unanimously to cut its benchmark interest rate by 25 bps to 4.25 percent on August 21st 2019, mentioning that uncertainty around global economic growth prospects has intensified in recent weeks. Domestically, policymakers said that no relevant inflationary pressures are seen in the next months, and the rate cut is consistent with the convergence of the inflation rate to the target of 4 percent in the forecast horizon. Regarding growth, available indicators point to reduced economic activity.

The central bank of Paraguay cut its benchmark interest rate by 25 bps to 4.50 percent at its July 22nd 2019 meeting. The Committee noted that global economic growth prospects have recently deteriorated, mainly due to trade tensions. Domestically, policymakers underscored that inflation has recently moderated, declining to 2.8 percent in June 2019 from a six-month high of 3.8 percent in the previous month. Policymakers added that the rate cut is consistent with the convergence of the inflation rate to the target of 4 percent in the forecast horizon and said that they will continue to monitor the evolution and prospects of domestic and external macroeconomic variables.

The central bank of Paraguay left the benchmark interest rate unchanged at 4.75 percent at its May 22nd 2019 meeting. The Committee noted that global economic growth prospects have recently deteriorated, mainly by mounting trade tensions. It also mentioned the complex political context in the region. Domestically, policymakers underscored that economic activity showed weakness in the first months of 2019, but that a better second half of the year is expected. They also mentioned that the monetary rate decision is consistent with the convergence of the inflation rate to the target of 4 percent in the forecast horizon and added that they will continue to monitor the evolution and prospects of domestic and external macroeconomic variables.