Paraguay’s central bank revised its inflation forecast for 2024 slightly downwards to 4.2% from 4.3%, with a stable forecast of 4.0% for 2025. Analysts anticipate the central bank will maintain the policy rate at 6% in upcoming meetings, with a potential 25 bps cut by the end of 2024. GDP growth forecasts for 2024 and 2025 remain steady at 3.8% and 4.0%, respectively.