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Market Update: Paraguay Central Bank Holds Key Rate at Record Low
The central bank of Paraguay held its benchmark interest rate at a record low of 0.75 percent during its June meeting. The Monetary Policy Committee noted that while have been improvements in the short-term indicators for construction, manufacturing, and services sectors, the coronavirus pandemic remains the main challenge for economic performance in the coming months. Regarding inflation, rising commodity prices and elevated external demand has put pressure on fuel and food prices. However, low inflation in services has contained headline inflation. source: Banco Central del Paraguay [/s2If]
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