HomeEconomyCenteno calls for "patience" and caution in supporting inflation....

Centeno calls for “patience” and caution in supporting inflation. “We must not be exuberant”

The call is not new and must be repeated every time Mário Centeno faces the question that torments, these days, governments throughout Europe, of which Portugal is no exception. What can be done to mitigate, with families and businesses, the effects of runaway inflation? António Costa sent for next Monday the presentation of support measures for families, despite the fact that the support more aimed at energy, the main factor in the acceleration of prices, will continue to be in the hands of the European Commission. For the governor of the Bank of Portugal, there is no recipe, but a principle that must be followed: “I make a new appeal not to promote procyclical policies that may have to be corrected with other policies,” he declared this Thursday. on the sidelines of the Estoril conferences.

Costa hopes that the EU will approve the reform of the electricity market. And he supports Mozambique in gas exploration

For Mário Centeno, who spoke about sustainability at the event held at Nova SBE, this “is a longer-term issue, and policies must be oriented towards the improvement and sustainability of Portugal’s development model”.

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Source: Observadora

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