Paraguay Holds Key Rate at 6% Amid Steady Inflation Expectations
Paraguay's central bank kept its benchmark interest rate steady at 6%, citing stable long-term inflation expectations congruent with its target.
Friday's policy meeting marked the 14th consecutive month the central bank held borrowing costs unchanged with inflation staying within the two-percentage point tolerance range on either side of the 3.5% target. Analysts surveyed by the central bank see the key rate finishing the year at 6%.
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