Paraguay raises interest rates by 50bp

central-bank-of-paraguay-2

The Central Bank of Paraguay (BCP) increased its policy rate by 50 basis points, to 6.75%, on April 22.

The BCP began “a gradual normalisation” of rates last August, when it first began raising rates from a pandemic low of 0.75%. It has now ordered nine consecutive increases in the policy rate, including three 125bp hikes in the last quarter of 2021.

Like its neighbours, Paraguay has struggled with stubbornly high and increasing inflation. In its April press release, the BCP monetary policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: