Paraguay central bank cuts rates on weak growth and inflation
The Central Bank of Paraguay reduced interest rates due to weak growth and inflation, the monetary operations executive committee said on July 22.
Rate-setters reduced the policy rate by 25 basis points to 4.5%, stressing trade tensions and looser monetary policies in advanced economies. “In this context, the committee considers there is enough room to provide the economy with a monetary impulse,” says the policy statement.
Officials think this is compatible with attaining the annual inflation
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