Bank of Portugal

The President of ISEG – one of Portugal’s most prestigious economics and business management schools – Clara Raposo has been appointed the new vice-governor of the Bank of Portugal. [...]

It was not “imprudent” for the European Central Bank to raise interest rate by 0.5% now rather than last year, according to Vítor Constâncio, the former governor of the Bank of Portugal and ex [...]

Portugal’s central bank governor Mário Centeno has played down the increase in interest rates on Portugal’s 10-year bonds which reached 3% this week. His attempts to calm the markets comes as the [...]

The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]

Bank of Portugal gold reserves increased 4.3% in value in 2021 on 2020 to a total of €19.8Bn — almost 10% of national GDP. It meant that the increase in value of national gold reserves were able [...]

The Bank of Portugal obtained a net result of €508 million in 2021, down €27 million on 2020. The result allowed some €406 million in dividends to be distributed to the State. Taking into [...]

The Bank of Portugal has tightened up access to mortgages for those who are in their 30s. From today (Friday, 1 April) new recommendations come into force regarding the maximum age limit for new [...]

The Bank of Portugal says that it has only identified a “very reduced number” of people and entities which have bank accounts in Portugal which have been sanctioned over the war in Ukraine. In [...]

Portugal’s Governor of the Bank of Portugal, Mário Centeno has admitted that the Euro Zone could face a period of stagflation and high interest rates as a result of the invasion of Ukraine. Mário [...]

The Bank of Portugal has confirmed that since 2021 its efforts to reduce Portugal’s public debt — interrupted by the pandemic — are back on track. Portugal’s public debt fell by 7.7 percentage [...]