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Central Bank of Paraguay President Carlos Carvallo Spalding said the economy is growing above projections, with 4.2% expansion forecast for 2026 and results already exceeding that in early months. He stressed the dynamism is broad-based and driven by domestic demand, not a specific sector or extraordinary discovery.
bcpcarlos-carvallo-spaldingCentral Bank of Paraguay President Carlos Carvallo said the country has sufficient macroeconomic reserves to deal with global volatility, highlighting 6.6% growth in 2025 and controlled inflation of 3.1%.
bcpcarlos-carvalloThe latest economic expectations survey by the Central Bank of Paraguay (BCP) shows market agents forecast inflation of 3.9% for the end of 2026, above the official target of 3.5% but within the tolerance limit. The dollar is expected to close the year at G. 6,475, below the previous projection, while GDP is seen growing 4.2%.
bcpThe latest edition of the Survey of Economic Variable Expectations (EVE) from the Central Bank of Paraguay (BCP) shows that surveyed economic agents revised their annual inflation expectation for 2026 upward, from 3.7% to 3.9%, above the 3.5% target. At the same time, they lowered their projection for the year-end dollar exchange rate, from G. 6,700 to G. 6,475.
evebcpEconomic agents surveyed by the Central Bank of Paraguay (BCP) have lowered their projections for the dollar in May and for the close of 2026. The monetary authority reiterated that it does not intend to intervene in the exchange rate, attributing the trend to global and local factors, such as the strengthening of the guarani and capital inflows.
bcpeveguaraniThe National Minimum Wage Council (Conasam) faces an impasse over the minimum wage adjustment, with employers advocating strict application of the law based on the CPI and workers demanding a 22% increase. The government is considering modernizing the basic basket, while unions accuse the Central Bank of manipulating inflation.
conasambcpThe Paraguayan guaraní has strengthened sharply against the US dollar, reaching its lowest level in over seven years. Economists Martha Coronel and Arnold Benítez discuss whether the Central Bank should act, warning of impacts on exporters and the agricultural chain.
bcpThe growth of quick credit apps in Paraguay exposes consumers to interest rates reaching 60% and administrative fees of up to 30% of the borrowed amount, a practice regulated by the Central Bank of Paraguay (BCP) but still escaping authorities' control. The "shadow banking" model is also adopted by appliance retail chains, which inflate prices and impose disguised charges to circumvent usury laws.
bcpThe Central Bank of Paraguay (BCP) celebrates April inflation at 2.3%, below the 4% target, but analyst Alejo García argues the decline is artificial, driven by a 23% appreciation of the guarani against the dollar since July 2025, not by effective monetary policy. García points to flaws in the BCP's toolkit, such as the lack of high-frequency open market operations and an 'inverted corridor' of rates, indicating structural dysfunctions.
bcpguaranialejo-garciaThe total balance of credit cards in the Paraguayan banking system exceeded G. 6.6 trillion (about US$ 1.1 billion), with annual growth of 30.6%, tripling the pace of the economy. Default rates reach 7.9% in lower-middle credit brackets, while the government considers inflation controlled, contrasting with consumers' reality.
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