Paraguay BCP monetary policy rate (TPM)
Paraguay BCP monetary policy rate (TPM) is 5.5 percent, in force since 20 Feb 2026. It was 5.75 percent before that. Last checked against the official source on 27 Aug 2026.
Banco Central del Paraguay tasa de interés de política monetaria (TPM), set by the Comité de Política Monetaria (CPM) at its monthly meetings under the inflation-targeting framework (meta 3.5%).
Compare policy interest rate across all 22 Latin American countries →
| Current value | 5.5 percent |
|---|---|
| In force from | 2026-02-20 |
| Official source | BCP — Comunicado de Política Monetaria, 25 agosto 2026 (Comunicados del CPM) |
| Last verified | 2026-08-27 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Cut 25bps from 5.75% to 5.50% at the 20 Feb 2026 CPM meeting ('En su reunión de la fecha, el CPM decidió, por unanimidad, reducir la TPM de 5,75% a 5,50% anual'), completing a cumulative 50bp reduction since January 2026; held unchanged at the March, April, May and June 2026 meetings (June comunicado: unanimous hold at 5.50%, 'coherente con una posición neutral'). CPI inflation was 2.4% y/y in May 2026, below the 3.5% target; 2026 GDP growth projected at 4.2%. The CPM of 23 July 2026 and of 25 August 2026 unanimously HELD the TPM at 5.50% (August comunicado, Asunción 25 de agosto de 2026: 'decidió, por unanimidad, mantener la tasa de interés de política monetaria (TPM) en 5,50% anual'), describing the stance as neutral and coherent with a 4.5% 2026 growth projection; July CPI was 1.6% y/y. Next CPM meeting: 21 September 2026 (comunicado published from 15:00 the same day). Retrieval note: bcp.gov.py 403s generic fetchers; the comunicado PDFs are reachable with a browser User-Agent. Note: the rate is set by the CPM (Comité de Política Monetaria), not CEOMA — the Comité de Ejecución de Operaciones de Mercado Abierto only implements open-market operations. Landing page listing all comunicados: https://www.bcp.gov.py/comunicados-del-cpm (bcp.gov.py blocks non-browser clients; PDFs verified directly).
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-01-23 | 5.75 | BCP — Comunicado de Política Monetaria, 23 enero 2026… |
| 2024-03-21 | 6 | BCP — Comunicado de Política Monetaria, 21 marzo 2024… |
Get it programmatically
curl https://latamref.dev/v1/py/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/py/policy-rate/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/py/policy-rateOther Paraguay series: IVA standard rate · VAT registration threshold · Salario mínimo legal (monthly) · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Statutory default interest (interés moratorio) · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Peru · Trinidad and Tobago · Uruguay · Argentina · Barbados · all 22