Tag: Central Bank of Paraguay

• Friday, November 24th 2023 - 09:59 UTC

  Central Bank of Paraguay lowers interest rates

  

  The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.

• Saturday, November 18th 2023 - 10:12 UTC

  Paraguayan corn exports fall sharply

  

  According to a foreign trade report issued by the Central Bank of Paraguay (BCP) on Friday in Asunción, the South American country suffered a 25.4% drop in corn exports in October compared to the same period last year.

• Wednesday, November 15th 2023 - 09:38 UTC

  Paraguay's agriculture exports keep growing

  

  Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.

• Wednesday, November 1st 2023 - 10:10 UTC

  Paraguay increasingly attractive to direct investments

  

  According to the Central Bank of Paraguay (BCP), direct investment in the South American country reached a record US$ 725 million last year, it was reported Tuesday in Asunción.

• Thursday, January 19th 2023 - 10:02 UTC

  Paraguay's Central Bank foresees 4% inflation for 2023

  

  Paraguay's Central Bank (BCP) will target a 4% inflation for the year 2023 after a slowdown has already been detected, BCP Chief Economist Miguel Mora said Wednesday. The monetary authority will also seek to guarantee price stability for local consumers despite a depreciation of the guaraní (₲) against the US dollar.

• Tuesday, November 1st 2022 - 09:53 UTC

  Inflation forecast adjusted downward in Paraguay

  

  Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.

• Saturday, February 5th 2022 - 11:44 UTC

  Paraguayan Central Bank reports inflation in Jan. 2022 reached 1.5%

  

  Paraguay's Consumer Price Index (CPI) grew 1.5% in the month of January of 2022, for a yoy inflation of 7.9%, which surpassed the 6.8% recorded in the last month of 2021. It was also significantly above the same period of the previous year.

• Wednesday, December 8th 2021 - 09:12 UTC

  Inflation once again brings on increase in poverty throghout Paraguay

  

  Analysts foresee official data for the year 2021 will show an increase in poverty for the second straight year in Paraguay and will reach almost 30% due mainly to increasing inflation, analysts said Tuesday.

• Tuesday, October 26th 2021 - 20:05 UTC

  Bright future ahead for Paraguay's economy

  

  Paraguay's Treasury Monday forecast economic growth of 4.5% by the end of 2021, it was announced.