Hoy Paraguay

Inflation 2022 will close at 8%, according to BCP projection

The latest Survey of Expectations of Economic Variables speaks of 8% inflation by the end of 2022 and 5% by 2023, according to the Central Bank of Paraguay (BCP).

Only for the current month, the inflation expectation is 0.6%, that is, 0.1% more than the same period last year and 0.5% higher than April. As for June, the difference would be 0.5%.

For the next 12 months, inflation is calculated at 5.5% and for 18 to 24 months, the level would be 4.8%.

Regarding the expectations of economic growth, the GDP would be 0.2% for 2022 and 4.0% for 2023.

As for the Monetary Policy Interest Rate, 7% would be maintained in both May and June. For the annual period 2022 it would remain at 7.25% and for the annual step 2023 at 6.25%.

Regarding the nominal exchange rate, a level of ₲/US$ 6,850 is projected, that is, below the G/US$ 6,950 of the previous month.

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