Banco de Portugal reveals the five finalist teams for the Money Masters competition
The central bank has announced the five teams that have reached the final stage of the 'Mestres do Dinheiro' contest.

Latest news and stories about central bank in Portugal for expats and residents.
The central bank has announced the five teams that have reached the final stage of the 'Mestres do Dinheiro' contest.

Operating expenses totalled 222 million euros in 2025, an increase of 4.7% compared to 2024.

France recently withdrew 129 tonnes. Portugal had already done so in 2021, at the time, 3.7 tonnes.

The Governor of the Bank of Portugal declined to comment on Mário Centeno's early retirement. When questioned by RTP during a tsunami preparedness drill in Lisbon on Tuesday, March 24, Álvaro Santos Pereira stated that 'today is not the day' to discuss the matter, deferring questions about the institution until the following day, when the latest Economic Bulletin will be released. Mário Centeno is set to leave the central bank under a pension agreement, which has sparked controversy due to the estimated 10,000 euro gross monthly pension. Álvaro Santos Pereira is expected to address the issue before members of the Assembly of the Republic following a request from the Chega party.

The governor of the central bank, Álvaro Santos Pereira, says that “there is not a single cent of taxpayers' money” involved in Centeno's pension.

Former governor Mário Centeno will leave the Bank of Portugal (BdP) through the retirement scheme under the central bank's existing pension fund, an official source told Lusa.

Mário Centeno's long career at the Bank of Portugal has come to an end. After more than two decades as a staff member of the institution – having served as Governor between 2020 and 2025 – he signed the agreement this week that allows him to retire, ceasing his work at the bank. As ECO has learned, Centeno has already...

Chosen from six candidates, the governor of the Croatian National Bank secured the Eurogroup's consensus and will be the next vice‑president of the ECB.

The Portuguese Government said on Tuesday that it “had expected” that former governor of the Bank of Portugal and former minister Mário Centeno would have secured the vice‑presidency of the European Central Bank (ECB), but the candidacy did not receive sufficient support and was withdrawn. "Naturally, we would have liked him to succeed. I have said here several times that, whenever a ...

Joaquim Miranda Sarmento said that “the candidacy Portugal put forward passed the first round”, but then, “based on the numbers presented”, the Government decided to withdraw from the race.

Presidency of the Republic, government leadership, the IMF, reappointment at the Bank of Portugal and now the ECB: Centeno — the Ronaldo of finance who led the Eurogroup — lost the vice-presidency to Croatia.

Boris Vujcic was elected vice-president of the European Central Bank.

Profile of the Croatian economist who emerged victorious over Mário Centeno and four other candidates in the contest to become vice‑president of the European Central Bank.

The governor of the Croatian National Bank was the big winner

Mário Centeno was one of the candidates, but he withdrew from the race on Monday.

At the Eurogroup meeting they are discussing which candidates could succeed Luis de Guindos as Vice‑President of the ECB. Centeno is out of the race. The contest was won by the governor of Croatia's central bank, Boris Vujčić.

The former governor of the Bank of Portugal withdrew from the race after failing to secure sufficient support following two rounds of voting. Croatian Boris Vujcic was chosen.

On Monday the Government withdrew the candidacy of former Bank of Portugal governor and minister Mário Centeno for the vice‑presidency of the European Central Bank (ECB). The decision was announced after a second round of voting at the Eurogroup meeting in Brussels. In the third round the Croatian Boris Vujcic was appointed.
On Monday the Government withdrew the candidacy of former Bank of Portugal governor and ex‑minister Mário Centeno for the vice‑presidency of the European Central Bank (ECB). The decision was taken in a second round of voting at the Eurogroup meeting in Brussels. In the third round the Croatian Boris Vujcic was ultimately appointed.
The government had admitted that electing the Portuguese candidate would be difficult

Mário Centeno withdrew from the race for vice‑president of the European Central Bank (ECB), ECO has learned from a source close to the process. The former governor of the Bank of Portugal was overtaken by Boris Vujčić of Croatia, who will succeed the Spaniard Luis de Guindos as the euro‑area central bank’s 'number two'. The election took place ...

Mário Centeno is one of the four candidates still competing for the post.

The Eurogroup will vote on Monday to choose the new Vice-President of the European Central Bank (ECB), in a process featuring six candidates, including the former governor of the Bank of Portugal, Mário Centeno.
The Eurogroup votes on Monday to choose the new vice‑president of the European Central Bank (ECB) in a process featuring six candidates, among them the former governor of the Bank of Portugal, Mário Centeno.
The Finance Minister described the race for the European Central Bank (ECB) vice-presidency as a 'difficult election'. The former governor of the Bank of Portugal and ex-minister Mário Centeno is contesting the post today in Brussels, but the minister said he still had 'some hope'.

'Quite difficult', but with 'some hope': this is how Portuguese Finance Minister Joaquim Miranda Sarmento views Mário Centeno's prospects of winning the race for the position of Vice‑President of the European Central Bank (ECB), the name expected to be announced at the Eurogroup meeting this Monday. 'It is a difficult election, because those who are leaving ...'

The vote is scheduled for late Monday afternoon and is the final item on the agenda of the meeting of euro-area finance ministers taking place in Brussels. Ministers will decide the successor to Luis de Guindos, who leaves the post at the end of May.
The former governor of the Bank of Portugal is one of the favourites for the post.

There are six candidates for vice-president of the European Central Bank, and among them is the former governor of the Bank of Portugal.

The Eurogroup will vote on Monday on the candidacy of former Bank of Portugal governor Mário Centeno, along with five others, for the vice-presidency of the European Central Bank, to replace Luis de Guindos from May — a decision is expected.
