The Paraguayan economy is expected to grow 4.2% in 2026 and 4% in 2027, according to the Economic Variables Expectations Survey (EVE), a monthly poll conducted by the Central Bank of Paraguay (BCP) that gathers projections from banks, financial firms, credit rating agencies, brokerages, consultancies, independent analysts, economic organizations, and universities.
The estimates from economic agents are in line with the projections of both the BCP itself and the International Monetary Fund (IMF), which points to Paraguay as the economic growth leader in Latin America, underpinned by solid macroeconomic stability.
For inflation, the median expectations indicate 3.5% at the end of both 2026 and 2027, a level that also holds for the next 12 months and for the monetary policy horizon (18 and 24 months). For the current month, the projection is 0.2%, down from the 0.5% estimated in the previous survey. For July 2026, agents project monthly inflation of 0.3%.
On the exchange rate, the median expectation for June is G. 6,137 per dollar, a figure lower than the G. 6,246 forecast in the previous survey. For July, the projection rises to G. 6,200, while the year-end estimate stands at G. 6,393, also below the figure recorded in last month's poll.
Regarding the monetary policy rate (TPM), economic agents project it will be held steady at 5.50% in both June and July 2026. For the end of 2027, the median expectations point to a decline to 5.25%.