Paraguay central bank cuts rates as inflation runs below target
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x Paraguay’s central bank chief Carlos Carvallo says the country is dealing with a “nice problem”: inflation is converging to the official goal “from below,” an unusual pattern in the region that has prompted policymakers to start trimming interest rates to prevent price growth from staying too low. The Central Bank of Paraguay (BCP) reported January inflation at 0.6%, with annual inflation easing to 2.7%—below the 3.5% target for a second straight month. In an interview in Asunción cited
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