Bank of Portugal

Banks in Portugal have closed 1,077 branches up and down the country over the past five years – the majority in Lisbon, Porto, Braga and Aveiro. According to a study released by the Bank of [...]

The Bank of Portugal has issued a new reporting regulation for the top brass of financial institutions that will have to report fat cat salaries. The supervisor in Portugal is following the lead [...]

The Governor of the Bank of Portugal Mário Centeno believes that inflation should fall to below 3% by the end of the year. Centeno gave his opinion to Bloomberg after taking part in an economics [...]

Portugal’s public debt, as accepted Brussels, remained unchanged at €280Bn in May according to data released by the Bank of Portugal today. (Mon July 3, 2023) It is the first time that Portugal’s [...]

The Bank of Portugal is more optimistic than the government over the budget deficit for 2023, predicting an overspend of 0.1% and a surplus of 0.2% next year. According to its monthly bulletin [...]

The Bank of Portugal has revised Portugal’s growth upwards by 0.9% to 2.7% – three times higher than the EU average. Growth had been forecast at 1.8% for 2023 in March, The increase in [...]

Portugal achieved an overseas trade surplus of nearly €1Bn for the first quarter of 2023. It compared extremely favourably to the commercial trade deficit of €1.5Bn like-for-like in 2022 [...]

Portugal’s gold reserves have soared to a new record worth of almost €21Bn on the back of gains by the US dollar. This is despite the fact that bullion prices have fallen on the International [...]

“We are nearing the last and final set of interest rate hikes in the coming months” predicted the Governor of the Bank of Portugal, Mário Centeno this week. However, the former Portuguese finance [...]

Portugal’s central bank, the Bank of Portugal, is one of the few central banks in the Euro Zone to register a profit for 2022. Despite the less than favourable economic situation which has [...]