Latest news and stories about ecb in government in Portugal for expats and residents.
Analysts and investors agree that a 25 basis point interest rate hike by the European Central Bank is imminent, though uncertainty remains regarding the institution's future monetary policy trajectory.
Bank of Portugal Governor Álvaro Santos Pereira advocates for timely ECB interest rate hikes to combat inflation, dismissing stagflation risks while emphasizing the need for proactive monetary policy.
Representatives of European Central Bank (ECB) staff have requested clarification regarding the future of the institution's president, Christine Lagarde, warning that prolonged uncertainty could undermine confidence in the central bank and complicate internal management. The staff committee's letter highlights concerns over potential leadership ambiguity, citing risks to strategic planning and institutional trust. While speculation grows regarding a possible early departure for a role at the World Economic Forum, Lagarde stated there is 'nothing to announce' regarding her future. The ECB maintains that it has established governance mechanisms to handle transitions effectively. Beyond succession, the letter also addresses internal grievances, including alleged favouritism in recruitment and a decline in staff morale.
Following a meeting where the ECB not only raised rates but also signaled that it may do so again, public debt yields have already risen. The same may happen to Euribor rates.
The Finance Minister said in Luxembourg, upon arriving at the Eurogroup, that the Middle East crisis “is different from 2022” and that the ECB could have avoided raising rates.
The Finance Minister stated this Thursday that the interest rate hike announced by the European Central Bank (ECB) due to inflationary pressures from the war in the Middle East “was not absolutely necessary”, noting it is a “different crisis from that of 2022”. “Naturally, there is concern from the European Central Bank. The ECB, which took action very...
Finance Minister says the current crisis is 'different from 2022'
The European Central Bank (ECB) is expected to raise interest rates again this Thursday in an attempt to control the inflationary pressure being felt in the eurozone. Vítor Costa, executive editor at CNN Portugal, analyses what the increase means in practical terms.
The ECB meeting is expected to bring a rate hike. The ECB is caught between inflation and the economy. In Portugal, the single social benefit is being discussed. And there is a multi-million dollar operation on Wall Street.
On the sidelines of the IMF and World Bank spring meetings taking place this week in Washington, Álvaro Santos Pereira, Governor of the Banco de Portugal and member of the ECB Governing Council, argued in an interview with CNBC this Thursday that the central bank must act with caution in the face of geopolitical uncertainty and shocks.
The IMF has revised inflation upwards, and the CMTV commentator says there is a high probability that the European Central Bank will raise interest rates.
The ECB president said he was “alert” and observed that his main concern is the potential disruption to economic outcomes due to the “uncertainty that Donald Trump is creating in the world”.
The President of the European Central Bank (ECB), Christine Lagarde, said today that the European Union (EU) must demonstrate collective determination and unity in criticising US President Donald Trump for failing to honour established alliances.
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.
At the Eurogroup meeting the successor to Luis de Guindos as ECB vice-president was discussed. Centeno was left out of the race. The Croatian candidate won.
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.
The government had admitted that electing the Portuguese candidate would be difficult
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.
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 chosen candidate must secure the support of 72% of the member states of the single currency area (that is, at least 16 of the 21 euro area countries), representing at least 65% of the population.
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.
If you are reading this news in an app, access the quiz here. The week just ending was marked by the announcement of Mário Centeno's candidacy for the post of Vice-President of the European Central Bank. 'After more than three decades at the Bank of Portugal and nearly ten years in office ...'
The government has formalised Mário Centeno's candidacy for Vice‑President of the European Central Bank. The former governor faces five rivals, none from Central Europe. Spain has no candidate and is not expected to back him. No women are among the candidates.
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 headline states that Centeno informed the Government of his expressed desire and formal request to be nominated as a candidate for the position of vice-president of the European Central Bank (ECB).
The European Central Bank (ECB) is one of the decisive pillars of Europe's standing and must continue to be “a pillar of credibility and of preserving economic stability”, argues Mário Centeno, the Portuguese candidate for the institution's vice-president post, in remarks to ECO. "Europe has entered a phase of structural uncertainty – driven by ...
The Ministry of Finance announced today that it submitted, on Thursday, to the President of the Eurogroup the candidacy of former Governor of the Bank of Portugal Mário Centeno for the vice-presidency of the European Central Bank (ECB).
The former governor of the Bank of Portugal told the newspaper 'ECO' that the candidacy is part of his 'persistent contribution to the deepening of European integration' and said he felt 'motivated and qualified' for the role.
The former governor told Eco he had expressed willingness to run for the ECB vice-presidency. The Government is expected to formalise that candidacy on Friday.
