{"id":160373,"date":"2019-11-22T20:07:37","date_gmt":"2019-11-23T01:07:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160373"},"modified":"2019-11-22T20:07:37","modified_gmt":"2019-11-23T01:07:37","slug":"paraguay-maintains-policy-rate-for-time-being","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/paraguay-maintains-policy-rate-for-time-being\/","title":{"rendered":"Paraguay maintains policy rate &#8216;for time being&#8217;"},"content":{"rendered":"<div id=\"inves-1511096435\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 22, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><br \/>\nParaguay&#8217;s central bank left its monetary policy rate steady at 4.0 percent for the second time in a row, saying the current accommodative policy stance is &#8220;for the time being&#8221; compatible with inflation hitting the target and future monetary policy decisions will continue to based on the evolution of domestic and external data.<br \/>\nThe Central Bank of Paraguay (BCP), which left its rate steady in October after five rate cuts from February to September by a total of 125 basis points, added data for local economic activity and consumption show signs of recovery but there is still a high level of uncertainty surrounding trade talks and Brexit, who&#8217;ll could affect the expected economic recovery in 2020.<br \/>\nInflation is still in the lower end of the target range, BCP added.<br \/>\nParaguay&#8217;s economy has been hit hard by several shocks this year, including drought and then flooding that affected agricultural output, along with economic weakness in Argentina and Brazil, which affected exports.<br \/>\nEarlier this month the International Monetary Fund said it expected growth in Paraguay this year of close to zero but this should bounce back to 4 percent next year, supported by agriculture.<br \/>\nParaguay&#8217;s inflation rate fell to 2.4 percent in October, the lowest this year, from 2.6 percent in September, below the bank&#8217;s mid-target of 4.0 percent, plus\/minus 2 percentage points.<br \/>\nGross domestic product shrank 3 percent year-on-year in the second quarter of this year, larger than the 2.1 percent decline in the first quarter.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\">\u00a0www.CentralBankNews.info<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info Paraguay&#8217;s central bank left its monetary policy rate steady at 4.0 percent for the second time in a row, saying the current accommodative policy stance is &#8220;for the time being&#8221; compatible with inflation hitting the target and future monetary policy decisions will continue to based on the evolution of domestic and external data. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-160373","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=160373"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160373\/revisions"}],"predecessor-version":[{"id":160426,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160373\/revisions\/160426"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=160373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=160373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=160373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}