Latest news and stories about eurozone in Portugal for expats and residents.
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European Central Bank president Christine Lagarde and national central bank governors across the Eurozone have closed ranks to defend US Federal Reserve Chair Jerome Powell against criticism from Donald Trump.

Mário Centeno was chosen by the Portuguese government for the post and could become the first Portuguese member of the ECB's executive board since the bank was established in 1998.
The candidacy will be formalised on Friday.

The announcement of the former governor of the Bank of Portugal's candidacy for the position of vice-president of the European Central Bank (ECB) comes in an exclusive statement to ECO. The candidacy is expected to be formalised this Friday. Mário Centeno says he was “encouraged by European contacts”.
Prices have slowed again in the eurozone, giving more grounds to those who argue that the ECB should start thinking about lowering interest rates once more.

The euro has been in circulation in Bulgaria's economy since 1 January. Travelling to the country therefore no longer requires exchanging currency or facing exchange‑rate risk.

In a context where European banking is slightly stabilising profitability and keeping non-performing loans under control, Portuguese banks continue to stand out for their combination of high profitability and strong capital solidity. The latest data from the European Central Bank (ECB) on the sector shows that the three main national institutions have a ratio ...

In the third quarter, labour costs increased by 3.3% in the eurozone and by 3.7% in the European Union, indicating a significant rise in employment expenses across the region.


Inflation in the eurozone rose again in November to 2.2%, reinforcing expectations that the European Central Bank (ECB) will keep interest rates unchanged at its next meeting in two weeks. What does this mean for your bank payment? Listen to the new episode of 'Economy Day by Day', the daily podcast from Expresso.

At the last meeting of the European Central Bank (ECB) at the end of October, there was unanimous agreement to maintain interest rates at 2%. However, the minutes of the discussion, published this Thursday, reveal two very clear opposing views: one believes that the cycle of rate cuts “has come to an end”; while the other advocates for an “open mind” regarding the possibility of further cuts.
