Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 21st 2024 - 23:28 UTC

Tag: Central Bank of Paraguay

  • Saturday, December 23rd 2023 - 09:35 UTC

    Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

    Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

    The Central Bank of Paraguay (BCP) issued a report on Friday confirming that the South American country's Gross Domestic Product (GDP) grew by 4.7% in the third quarter of 2023, after a 3.6% increase over the same period last year, boosted by energy and services, it was reported in Asunción.

  • Wednesday, December 13th 2023 - 10:41 UTC

    Paraguay's growth projected at 3.8% for 2024

    “Conditions have improved in 2023 and the outlook for 2024 is favorable,” Carvallo stressed

    Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.

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

    Central Bank of Paraguay lowers interest rates

    According to the BCP, inflationary pressures remain moderate

    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

    Lower corn production in the last season, coupled with a fall in international prices, has contributed significantly to the latest figures

    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

    Argentina accounted for almost 89% of Paraguay's soybean exports

    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

    The new government of President Santiago Peña has proven to be friendly 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

    “The Central Bank is going to fulfill its role of giving stability to prices,” Mora pledged

    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

    The Paraguayan guarani was one of the currencies in the region to lose the least against the US dollar

    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%

    The drought has affected pastures, which in turn resulted in higher costs for breeders

    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

    Future increases in the reference interest rate by the BCP are on the radar

    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.