Paraguay’s central bank lowered its policy rate by 25 bps to 8.0%. That cut follows ten consecutive holds and reflects the bank’s observation of easing inflation since the last session. The country continues to recover from the previous year’s severe drought, with inflation declining to 2.9% YoY in August. The bank remains committed to price stability, vowing to keep a close eye on domestic and global developments to ensure adherence to its 4.0% inflation target.