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MercoPress, en Español

Montevideo, January 22nd 2025 - 00:36 UTC

Tag: Central Bank of Paraguay

  • Tuesday, January 14th 2025 - 10:06 UTC

    Paraguayan exports drop but some items post improvements

    Importing fruits and vegetables from Argentina is not as affordable as it used to be

    Paraguay's Central Bank (BCP) released a report Monday showing that exports fell 7.7% in 2024. However, some items scored significant improvements, as sales abroad totaled US$15.84 billion, while imports amounted to nearly US$16.38 billion. This represents a 3.6% increase for a trade deficit of US$538.8 million, against a surplus recorded the year before after a 2.3% overall contraction.

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  • Tuesday, December 31st 2024 - 10:30 UTC

    After hectic month, Paraguay's yearly inflation barely above 2023's

    The BCP aims to reach a 3.5% inflation by 2026

    Paraguay's Consumer Price Index (CPI) grew 0.7% this month, which represented a setback from 0.3% in the same month last year. Nevertheless, Asunción confirmed closing 2024 with a 3.8% inflation, barely over 2023's 3.7%, according to the Central Bank (BCP), and therefore within the target range of 4%, it was explained Monday. On a brighter note, core inflation stood at 0.3% in December for a yearly variation of 3.4%, which meant progress from the 3.6% registered in 2023.

  • Thursday, November 14th 2024 - 04:21 UTC

    Paraguay records US$ 57 million foreign trade surplus in October

    Imports went up and exports went down last month

    Central Bank of Paraguay (BCP) foreign trade (Comex) report released Wednesday in Asunción showed a US$ 57.1 million surplus last month after exports amounted to US$ 13.6649 billion against imports worth US$ 13.6077 billion. In other words, sales fell 4.5% yoy while purchases grew 5.1%.

  • Thursday, October 31st 2024 - 10:19 UTC

    BCP intervention keeps guaraní afloat against US dollar

    But Paraguay's economy faces other challenges such as the neverending downspout pushing freight costs upwards

    After an intervention by the Central Bank of Paraguay (BCP) deemed as “timely” in Asunción's financial circles last week, the local currency appreciated against the US dollar and fell further away from the psychological ₲ 8,000 barrier. The BCP pledged to further inject at least US$ 15 million daily into the market, to stabilize the local currency. The dollar went up 9% against the guarani in 2024, largely driven by demand for the dollar in the international market and by local exchange needs.

  • Saturday, October 26th 2024 - 10:59 UTC

    Paraguay's Central Bank to take action keeping US dollar from further soaring

    Argentine and Bolivian nationals purchasing large sums were one of the causes for the surge, it was argued

    Paraguay's Central Bank (BCP) announced Friday that it would adopt additional measures to keep the US dollar from soaring further against the local guaraní after crossing the US$1 / ₲ 8,000 barrier on Thursday. Starting next week, the BCP will pour US$15 million daily into the exchange market to keep the quotation at bay.

  • Friday, June 21st 2024 - 10:00 UTC

    Paraguay's Central Bank keeps benchmark interest rate unchanged at 6%

    Cuts might be in order in the second semester of 2024, the BCP explained

    The Monetary Policy Committee (MPC) of Paraguay's Central Bank (BCP) unanimously decided Thursday to keep the benchmark interest rate at 6% for the fourth month in a row and found that cuts might be in order during the second semester of 2024 given the favorable economic indexes recorded recently.

  • Monday, April 1st 2024 - 10:59 UTC

    Paraguay records highest economic growth in the region in 2023

    Increasing household consumption is driving prices upward, also pushing the guaraní down against the US dollar

    Paraguay's Central Bank (BCP) issued a report last week announcing that the country had recorded the highest regional growth in the last quarter of 2023, with a positive rate of 4.9%.

  • Wednesday, March 6th 2024 - 09:59 UTC

    Paraguay reports 0% inflation in February, but at what cost?

    Paraguay today has the strongest macroeconomic scenario in Latin America, President Santiago Peña said earlier this year in Spain

    Paraguay's Central Bank (BCP) announced this week that inflation in February amounted to 0% from January's values despite increases in education and food, particularly eggs, it was reported in Asunción. In the same month last year, the Consumer Price Index (CPI) had gone up 0.5%. However, these achievements have a price tag.

  • Tuesday, February 20th 2024 - 10:52 UTC

    Paraguay's Central Bank lowers interest rates once again

    The latest Gross Domestic Product (GDP) and employment growth data “were better than expected,” according to a BCP statement

    Paraguay's Central Bank (BCP) Monday lowered once again the monetary policy interest rate from 6.50% to 6.25% per annum. It was the seventh straight move in the same direction since August last year, it was reported in Asunción.

  • Friday, January 19th 2024 - 10:10 UTC

    Paraguay's BCP confirms CPI in 2023 within target range

    Paraguay ranked behind Ecuador, Bolivia, and Peru

    Paraguay's Central Bank (BCP) Thursday released a report showing that the Consumer Price Index (CPI) for 2023 was 3.7%, making it the fourth lowest in South America in addition to falling within the target range (3.8%). It also meant a decrease from 2022's 8.1%.

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