Paraguay

Paraguay Maintains Steady Key Interest Rate at 6% Amid Stabilized Inflation Expectations

4 hours ago

In a decisive move reflecting confidence in the country's economic stability, the Central Bank of Paraguay has opted to keep its benchmark interest rate steady at 6%. This decision, announced during a press conference, highlights the ongoing efforts to manage inflation and support sustainable economic growth.

How Paraguay is Navigating Trump's Tariffs and Embracing Protectionism

10 hours ago

In an era of heightened global trade tensions, Paraguay has emerged as a significant player exemplifying a protective trade stance that shields its economy from international fluctuations. This strategic approach has particularly come to the fore in light of renewed tariffs imposed by the Trump administration, which have caused distress across numerous Latin American economies. By aligning with like-minded nations and adopting protective trade measures, Paraguay is not only safeguarding its agricultural sector but also positioning itself as a trade model for others facing similar challenges.

Paraguay Maintains Interest Rates at 6% Amid Inflation Concerns

1 month ago

In a decisive move regarding its monetary policy, Paraguay’s central bank has opted to keep the benchmark interest rate unchanged at 6%. This decision was influenced by the prevailing outlook on inflation as the nation grapples with economic uncertainties. The central bank's monetary policy committee convened recently to assess the current economic environment and concluded that maintaining the interest rate would be prudent in light of various economic indicators.

Paraguay's Finance Chief Navigates Economic Challenges Amid Regional Shifts

4 months ago

In a climate of shifting political tides in South America, Paraguay's Finance Minister, Carlos Fernández Valdovinos, is carving out an austere economic path aimed at stabilizing and revitalizing the nation’s finances. This comes at a time when neighboring countries are undergoing significant political changes, with Argentine President Javier Milei advocating for radical economic reforms and Brazil’s Luiz Inácio Lula da Silva prioritizing social spending.

Paraguay's Central Bank Chief Predicts Interest Rate Cuts as Inflation Eases

4 months ago

The Central Bank of Paraguay is poised to embark on a path of reducing its key interest rates, as indicated by comments from the bank’s chief. This decision comes on the heels of a noticeable decline in inflation rates, which has allowed the monetary authority to reassess its policy strategies. The chief of the Central Bank, José Cantero, expressed optimism regarding the country’s economic outlook, emphasizing the potential for further adjustments in interest rates over the coming months.