Paraguay: base interest rate 2010-2018
In 2018, the Central Bank of Paraguay set the monetary policy rate at 5.25 percent, having gradually decreased after reaching 6.73 percent in 2014. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates.