The central banks of Paraguay and Costa Rica both announced rates decisions on July 23, with the former opting to hold and the latter announcing a 25 basis point cut, as both countries continued to face below-target inflation.
Paraguay: fifth consecutive hold
The Central Bank of Paraguay kept its benchmark interest rate at 5.5% for the fifth consecutive meeting. In a statement following the decision, the bank’s monetary policy committee said the move was in line with its neutral policy stance.
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