The central bank of Paraguay kept in February the benchmark interest unchanged at 5.50 percent for the 8th straight month. In the policy statement, officials underscored that while uncertainty prevails abroad, domestic economic activity remains resilient. The central bank remains confident that inflation is on track to converge to the 4.50 percent target. Consumer prices in Paraguay went up 1.9 percent year-on-year in January of 2017, following a 3.9 percent increase in the previous month. It was the lowest inflation rate since June 2013. Interest Rate in Paraguay averaged 6.24 percent from 2010 until 2017, reaching an all time high of 8.50 percent in August of 2011 and a record low of 3.50 percent in November of 2010.
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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). This page provides – Paraguay Interest Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Interest Rate – actual data, historical chart and calendar of releases – was last updated on February of 2017.