Paraguay Leaves Interest Rate Unchanged
In its August meeting, the Central Bank of Paraguay unanimously opted to maintain the policy interest rate at 6%. The committee noted several positive domestic economic indicators, including a 4.8% rise in Paraguay's monthly economic activity in June and a 5.6% increase in business activity, buoyed by the services, manufacturing, and agricultural sectors. Inflation levels were moderate, with a monthly rise of 0.4% and an annual rate of 4.3%, while core inflation aligned with projections at 3.8%. On the international stage, there was an improvement in global economic growth forecasts, commodity prices exhibited varied trends, and U.S. employment data heightened the probability of a Federal Reserve rate reduction in September. The Monetary Policy Committee (MPC) stressed that inflation is anticipated to stay within the target range for 2025, with a convergence toward 3.5% expected by 2026. Reaffirming its dedication to price stability, the committee committed to closely monitoring both domestic and international developments to ensure the achievement of its policy objectives.
Download NOW!
No comments:
Post a Comment