Centeno says that the latest developments give confidence but remains aware of risks

Centeno says that the latest developments give confidence but remains aware of risks

The governor of the Bank of Portugal believes that it is important to “minimize the turmoil surrounding the euro area banking sector”, assuring that Portugal will be aware of the risks.

Latest developments give confidence, but it is necessary to “remain vigilant”

Na intervenção no final de um almoço promovido pela Associação de Hotelaria de Portugal (AHP), Mário Centeno falou da evolução da inflação e das taxas de juro, considerando que era importante que a incerteza "fosse reduzida" para facilitar a definição da evolução da política monetária. Além disso, disse, "não ajuda que a incerteza se transmita ao setor bancário", ainda que destacando que os riscos vêm de "eventos que são originários fora da áre…

Centeno says that the latest developments give confidence but remains aware of risks

The governor of the Bank of Portugal said today that the latest developments in European banking give confidence but that the central bank is aware of the developments and risks posed to banks and Portugal. Speaking at the end of a luncheon sponsored by the Portuguese Hospitality Association (AHP), Mário Centeno spoke about the evolution of inflation and interest rates, considering that it was important for uncertainty to “be reduced” to facilit…