Governor of Banco De Portugal Defends Interest Increase in June and Advances with New Rules for Housing Credit

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Concerned about inflation, Álvaro Santos Pereira admits that the ECB will be able to raise interest rates already at the next meeting. Governor advocates a "healthy" growth of housing credit.

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The Governor of the Banco de Portugal (BdP), Álvaro Santos Pereira, expressed his support for an increase in interest rates already at the next monetary policy meeting of the European Central Bank (ECB), in June. In line with the European trend, the Governor stressed, in an interview with the Conversa Capital programme (Antena 1 and Jornal de Negócios), that inflation remains the main concern, even if the conflict in the Middle East ends, since …

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Jornal Expresso

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The Governor of Banco de Portugal is in favour of an increase in interest rates as early as next month. Álvaro Santos Pereira says that inflation remains the main concern and warns that the effects of the crisis in the Middle East will persist even after the end of the conflict.

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"It's better to act sooner than later," the governor said to Antenna 1 and Business. "It doesn't compromise, it waits for more data, but it doesn't believe in miracles that prevent inflation from rising.