Paraguay signals neutral stance with pause in easing cycle
Central bank expects inflation to rise to 3.5% target by end of year
The Central Bank of Paraguay has kept its benchmark interest rate at 5.5%.
In a statement following the decision on March 20, the bank’s monetary policy committee said it was maintaining a “neutral stance”. The pause followed two consecutive 25 basis point cuts in January and February.
The bank said economic activity continued to expand in January, albeit at a slower pace than last year, while inflation remained low. It said both sets of developments had been in line with its expectations.
Annual
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