Paraguay's Central Bank (BCP) has this week upped the South American country's economic growth projection for this year from 3.8% to 4%. On the supply side, the main upward revisions were in the livestock, trade, and tax sectors, while downward adjustments were recorded in electricity and water amid higher domestic demand in line with the good dynamics imports have been registering.
Paraguay's economy will close in 2021 with a growth of around 5% and good prospects for 2022, Finance Minister Oscar Llamosas announced in a radio interview.
After a study through which it was determined that international factors remained favourable. Paraguay's Central Bank (BCP) Friday announced that its Monetary Policy Committee (CPM) unanimously decided to maintain the monetary policy interest rate at 0.75% annually.