Paraguay cuts rates on global instability
Central bank reduces interest rates by 25 basis points to 4.75%
The Central Bank of Paraguay cut interest rates amid growing international economic uncertainty on March 22.
Rate-setters reduced the key policy rate by 25 basis points to 4.75%, arguing global downward risks remain the main factor in shaping the economic outlook.
“Although the main economies continue expanding, downside risks for growth prospects remain latent,” says the policy statement. “In this context, the US Federal Reserve has taken a more conservative stance on the rhythm of monetary
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