War in Iran has already started to increase interest expenses in Portugal

Thursday, 12 March 2026RSS
War in Iran has already started to increase interest expenses in Portugal

The fear that we may be entering a new inflationary crisis is increasing expectations of an interest rate hike by the ECB. And the cost at which states finance themselves has already risen.

Context & Explainers

Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.

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