Paraguay’s central bank raises its benchmark rate to 7.75%

Paraguay's interest rates remain profoundly negative, with inflation rising 11.4% in May.

RIO DE JANEIRO, BRAZIL - Paraguay's Central Bank raised its benchmark rate to 7.75% as rising food and energy prices keep inflation in double digits.

Monetary policymakers raised the rate by half a percentage point for the fourth consecutive month, warning that recent increases in fuel prices will put pressure on consumer . . .

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