BPI CEO João Pedro Oliveira e Costa said on Friday that inflation is “clearly” the “most worrying” issue at the moment, the day it was revealed that it hit a 30-year high in July in Portugal.
Clearly this is the issue that I would say is the most worrying at the moment,” said the manager, asked about the current situation, at the press conference to present the bank’s half-year results, which recorded consolidated profits of 201 million euros. in the first semester, 9% more than in the same period of the previous year.
Inflation, he pointed out, comes “essentially from two movements that are difficult to counteract at this time,” added the BPI chief executive.
I think it will not even be due to the rise in interest rates that are going to stop”, he continued.
Source: Observadora
