Paraguay central bank cuts rates on weak growth and inflation

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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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