The council has already debated whether interest rates should be increased to counter the risk of inflation. Lagarde dismisses 'stagflation' but finds herself at a crossroads that bears similarities to 2022, and even more so to 2011.
ECB: Interest rates may rise as early as June if oil prices do not fall
Thursday, 30 April 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.
