Policy Interest Rate in Paraguay
The policy interest rate ended 2022 at 8.50%, up from the 5.25% end-2021 value and up from the reading of 6.00% a decade earlier. For reference, the average policy rate in Latin America was 18.90% at end-2022. For more interest rate information, visit our dedicated page.
Paraguay Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Paraguay from 2014 to 2023.
Source: Macrobond.
Paraguay Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%, eop) | 4.00 | 0.75 | 5.25 | 8.50 | 6.75 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Paraguayan interest rate projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Paraguayan interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Paraguayan interest rate projections.
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