Bank of Portugal

The average interest rate on new fixed-term savings deposits increased 0.56% in January, the highest rate rise in 11 years. It removes Portugal from the lower ranks of the Euro Zone interest on [...]

Portugal has one of the largest gold reserves in Europe with the Bank of Portugal’s 382.6 tonnes valued at €19.8Bn in 2021. But the expression ‘as good as gold’ is now even better as Portugal’s [...]

A letter that was sent to the European Central Bank and the European Commission by the Prime Minister “undermined confidence” and had a “detrimental effect” on the way troubled Portuguese bank [...]

Portugal’s central bank governor Mário Centeno is optimistic that Europe’s economy will grow sufficiently to avoid a recession, adding that its performance has been “surprising”. Taking part on a [...]

The interest on Portuguese sovereign debt that the country has to pay back to investors who bought government treasury bonds went up seven times during the course of 2022 says Negócios. The [...]

The Bank of Portugal has warned that higher interest rates and inflation is pushing around 40% of families onto the bread line as their disposable income is eroded in 2023. In fact two-fifths of [...]

Alantra, which represents VIC Properties in Portugal, has now received 20 unbinding offers for various properties and tracts of land in what could end up being the biggest property deal of 2022. [...]

A former director at the Bank of Portugal has been appointed to head Portugal’s stock market regulator the CMVM. Luís Laginha de Sousa takes the helm of the regulator at a time of particular [...]

The Bank of Portugal has appointed economists Clara Raposo (pictured) and Luís Máximo dos Santos as vice-governors of the Bank of Portugal along with Francisca Guedes de Oliveira, Helena Adegas [...]

The governor of the Bank of Portugal, Mário Centeno, says consolidation in Portugal’s banking sector is “inevitable”. In an interview with Reuters, Mário Centeno said that the recent progress [...]