Paraguay’s MPC hikes rates by 125 basis points


The Paraguayan central bank’s monetary policy committee ordered a 125 basis point increase in the policy rate, bringing it to 2.75% (October 21). 

The hike is the third in a row, but much larger than August’s 25bp or September 50bp increase.  

The MPC comprises the five-member board of directors and several central bank officials. The board consists of the governor and four other members. 

In a statement, the MPC cited inflationary pressures stemming from rising commodities prices, increased

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