Paraguay Cuts Interest Rates for 7th Time Since August as Inflation Cools

• Paraguay's central bank cut its benchmark interest rate for the 7th time since August • The rate was lowered to 6.25% from 6.5% as part of an easing cycle that began after rates peaked at 8.5% • Inflation has cooled to 3.4% in January after being in the double-digits post-pandemic • Paraguay is among several Latin American countries cutting rates as inflation stabilizes • The cuts come as Paraguay aims for investment grade debt ratings with planned bond issuance