Portugal's Central Bank Governor Warns of Economic Slowdown Ahead
Público3 weeks ago
960

Portugal's Central Bank Governor Warns of Economic Slowdown Ahead

Economy
portugal
economy
bankofportugal
máriocenteno
europeancentralbank
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Summary:

  • Mário Centeno forecasts an economic slowdown in the upcoming quarters.

  • The Bank of Portugal is expected to revise economic predictions downward in June.

  • Centeno stresses the need to maintain political freedom amidst uncertainty.

  • His potential reappointment may lead to a role at the European Central Bank.

Economic Outlook

Mário Centeno, the Governor of the Bank of Portugal (BdP), predicts a slowdown in the economy over the coming quarters, extending into 2026. This forecast comes amid ongoing uncertainties related to the trade war.

Centeno indicated that the BdP is likely to revise its economic projections downwards in June, reflecting the challenging global economic landscape. He emphasized the importance of not restricting political freedom while navigating these turbulent times.

Mário Centeno
The term of Mário Centeno as Governor of the Bank of Portugal ends in July this year.

As he contemplates his future, Centeno acknowledges that being reappointed could open paths to leadership within the European Central Bank (ECB), although he notes that this decision is not solely in his hands.

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