Economics
Paraguay Central Bank Raises Key Rate to Decade High of 7.25%
- Policy makers tighten by 50 bps for third straight month
- Central bank sees CPI converging with 4% target in early 2024
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Paraguay’s central bank lifted its benchmark interest rate to its highest level in more than a decade at 7.25% to contain the fastest inflation since 2008.