Paraguay Surprises by Not Cutting Rate, Citing Fed and Oil Risks
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Paraguay's central bank kept its benchmark interest rate unchanged at 6% due to rising uncertainty about oil prices and the timing of US rate cuts. Analysts had expected a quarter-point cut. The central bank has already lowered borrowing costs by 250 basis points since the start of its easing cycle in August.

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https://www.bloomberg.com/news/articles/2024-04-22/paraguay-surprises-with-rate-cut-pause-citing-fed-and-oil-uncertainty