Portugal's Central Bank Governor Warns of Economic Slowdown Ahead
Público2 months ago
960

Portugal's Central Bank Governor Warns of Economic Slowdown Ahead

Economy
portugal
economy
bankofportugal
máriocenteno
europeancentralbank
Share this content:

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.

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

OR
PortugalToday.news logo

PortugalToday.news

Get PortugalToday.news on your phone!

Other Latest News

Lisbon City Council Denies Neglect of Marvila, Highlights €124.5 Million Investment

Lisbon City Council Denies Neglect of Marvila, Highlights €124.5 Million Investment

5 hours ago
950
Dramatic Last-Minute Equalizer Keeps Portugal's Women's Euro Dreams Alive Against Italy

Dramatic Last-Minute Equalizer Keeps Portugal's Women's Euro Dreams Alive Against Italy

6 hours ago
840
José Sócrates' European Court Gambit to Halt Marquês Operation Trial Likely to Fail

José Sócrates' European Court Gambit to Halt Marquês Operation Trial Likely to Fail

4 hours ago
920
Daring Escape: Two Inmates Flee High-Security Prison in Alcoentre Using Rope

Daring Escape: Two Inmates Flee High-Security Prison in Alcoentre Using Rope

3 hours ago
900
Outrage as Chega Party Exposes Names of Immigrant Children in Parliament

Outrage as Chega Party Exposes Names of Immigrant Children in Parliament

2 hours ago
940
The Nightmare of Misericórdia: Residents Suffer as Lisbon's Nightlife Spirals Out of Control

The Nightmare of Misericórdia: Residents Suffer as Lisbon's Nightlife Spirals Out of Control

9 hours ago
990
Defense Minister Nuno Melo Challenges Health Ministry's Account on Air Rescue Timeline

Defense Minister Nuno Melo Challenges Health Ministry's Account on Air Rescue Timeline

10 hours ago
920
Air Force Helicopter Waits with Engines Off for Patient in Critical Transfer from Covilhã to Coimbra

Air Force Helicopter Waits with Engines Off for Patient in Critical Transfer from Covilhã to Coimbra

11 hours ago
920
Medicinal Cannabis Business Used as Front for Drug Trafficking in Mação

Medicinal Cannabis Business Used as Front for Drug Trafficking in Mação

12 hours ago
1060
Lisbon Parents Unite Against Chega's Naming of Minors in Public Outcry

Lisbon Parents Unite Against Chega's Naming of Minors in Public Outcry

13 hours ago
1010
EU and US on the Brink of Historic Trade Deal with Tariffs Under 10%

EU and US on the Brink of Historic Trade Deal with Tariffs Under 10%

17 hours ago
920
Exclusive: Bristol City FC Kicks Off Pre-Season in Portugal with Stunning Gallery

Exclusive: Bristol City FC Kicks Off Pre-Season in Portugal with Stunning Gallery

18 hours ago
880
Sócrates Seeks to Halt Trial by Appealing to European Court of Justice

Sócrates Seeks to Halt Trial by Appealing to European Court of Justice

16 hours ago
1000
Did the Romans Invent Carnival? Discover Lisbon's Ancient Secrets in the Lisboa.BR Podcast 🎧

Did the Romans Invent Carnival? Discover Lisbon's Ancient Secrets in the Lisboa.BR Podcast 🎧

14 hours ago
980
Citizens' Assembly: How Does It Work, Who Votes, and Who Can Be Elected?

Citizens' Assembly: How Does It Work, Who Votes, and Who Can Be Elected?

15 hours ago
990
Exploring the Intersection of Theater and Technology: Jorge Jácome's Cosmic Sans

Exploring the Intersection of Theater and Technology: Jorge Jácome's Cosmic Sans

22 hours ago
830
Emergency Medical Transfer Nightmare: Patient Stranded for 5+ Hours Due to Oversized Air Force Helicopter

Emergency Medical Transfer Nightmare: Patient Stranded for 5+ Hours Due to Oversized Air Force Helicopter

1 day ago
1100