Paraguay central bank held its benchmark interest rate at 8.5% for the sixth straight decision. The bank will continue monitoring the local and international environment for future decisions. Annual inflation stood at 6.9% YoY in February, down from the prior month’s 7.8%. Inflation expectations remained at 5%, above the 4% target in the policy horizon. Although inflation has declined, the MPC stated that risks from an uncertain outlook could affect convergence to the target.