Asunción: In December 2023, the average of active interest rates in Guaranies was at an average of 14.47%, below the result of November 2023 and the level of December 2022.
This means that the interest rate decreased by 0.92% compared to November and 0.82% compared to December 2022. As published by the Central Bank of Paraguay (BCP) in its Financial Indicators Report.
The reduction in interest rates as a result of the issuer’s current expansionary policy creates a favorable scenario for higher dynamics of the economy, based on the upward dynamics of loans.
On the other hand, the average deposit interest rates in Guaranies recorded a slight monthly increase, but there was a decrease year-on-year, but overall this represents good news for savers. The interest rate averaged 4.86%, 0.15 percentage points higher than in November.
Broken down by portfolio and in local currency, monthly reductions in consumer and consumer loan interest rates were observed. On the other hand, there were increases in commercial and residential mortgage interest rates. If you look at the year-on-year comparison, you can see that there were slight declines in all types of loans.
Weekly paper / Economia Virtual / Featured image archive
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2024-02-08 03:13:10
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