The Monetary Policy Committee (MPC) of the Central Bank of Paraguay (BCP) unanimously decided to reduce the monetary policy interest rate (MPIR) by 25 basis points (bp) from 6.75% to 6.50% annually.
Asunción, Agencia IP.- The Monetary Policy Committee (MPC) of the Central Bank of Paraguay (BCP) unanimously decided to reduce the monetary policy interest rate (MPIR) by 25 basis points (bp) from 6.75% to 6.50% annually.
In their decision, the MPC evaluated the following relevant aspects:
Geopolitical tensions in the Middle East have recently intensified, causing disruptions in crucial trade routes for global commerce. This has resulted in increased costs of maritime transportation and delayed delivery of goods.
Although the price of oil remained below $80 per barrel, uncertainty regarding its future evolution has heightened, and as for agricultural commodities, soybean, corn, and wheat prices decreased in the last month, mainly due to favorable supply prospects.
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