The war in Iran has put markets on alert once again. Energy prices have soared, and investors are questioning what the European Central Bank (ECB) will do with interest rates: whether to raise them to contain a potential resurgence of inflation, or to maintain them so as not to stifle an already fragile economy. This...
"We must keep a cool head" regarding interest rates, says Governor of the Banco de Portugal
Wednesday, 25 March 2026RSS
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.
