Portugal
Constancio says no specific ECB rate rises planned
The European Central Bank has no specific plans for future monetary policy changes, ECB Governing Council member Vitor Constancio of Portugal said on Wednesday 4 January.
Bank of Portugal offloads 10 tonnes of gold
The Bank of Portugal has said it has sold 10 tonnes of gold from its reserves over the past month.
Former central banker named Portugal's fin min
Portugal's Prime Minister-elect Jose Socrates named Luis Campos e Cunha, a former central bank deputy governor to the post of finance minister this week.
Portugal's central bank warns over 2005 deficit
The governor of the Bank of Portugal, Vitor Constancio, said Monday that Portugal's fiscal deficit was on target to reach 5 percent of output next year, breaching European Union rules, without exceptional revenues.
Bank of Portugal - Annual Report 2003
The Bank of Portugal has published its Annual Report for the year ended 2003. In 2003 the Portuguese economy went into recession. For the second consecutive year, the growth differential of economic activity between Portugal and the euro area as a whole…
Portugal increase growth forecast
The Bank of Portugal has raised its forecast for economic growth this year owing to a higher-than-expected increase in internal demand, central bank Governor Vitor Constancio said.
Constancio: EU's 10 new members must curb deficits
Vitor Constancio, the governor of the central bank of Portugal, said Friday that the 10 countries set to join the European Union on May 1 should remain outside the eurozone until their public deficits are well below the EU's three percent limit.
Constancio warns on Portugal's public finances
Antonio Constancio, Governor of the Bank of Portugal, has warned that the country's public finances are in deep trouble and it will be difficult for the government to keep the deficit below the EU's 3 per cent limit.
Portugal may join budget deficit breakers
Portugal's central bank has announced that its deficit will exceed the EU's 3 per cent limit, under the growth and stability pact, according to a report by EU Politix. The bank said it would probably run a deficit in excess of 4 per cent, due to the…
Duisenberg receives Grand Cross honour in Portugal
Decoration for Dr. Willem F. Duisenberg, President of the European Central Bank, 2 October. Duisenberg received the Grand Cross of the Order of Henry the Navigator from Jorge Sampaio, the President of Portugal.
ECB's Constancio: Little room to move on rates
Bank of Portugal chief Vitor Constancio said the war in Iraq poses the threat of global recession and that little room for manoeuvre exists in the way of interest rate easing at the moment.
Bank of Portugal Press Release on gold
PRESS RELEASE - Banco de Portugal informs that during February 30 tons of its gold reserves were sold, 25 February.
Portugal sells gold to diversify reserves
Bank of Portugal sells gold for "diversification of the external reserves".
Solans on EMU macroeconomic stability and growth
SPEECH - In the speech 'Macroeconomic stability and growth in the European Monetary Union' Eugenio Domingo Solans of the ECB defended the ECB's 'two pillars' saying that having a flexible and all-encompassing monetary policy strategy like the Eurosystem,…
Bank of Portugal - Annual Report 2001
ANNUAL REPORT - The Bank of Portugal has published its Annual Report for the year ended 2001.
New deadline for balanced budgets splits euro club
FRANCE - A proposal by Brussels to allow euro-zone states more time to balance their budgets has blown up into a big row between EU countries that have been making sacrifices and four members -- France, Germany, Italy and Portugal -- that were falling…
Portuguese central bank report delayed by enquiry
PORTUGAL - The Portuguese central bank has delayed its 2001 annual report on the economy, due out yesterday, Monday, until September to await the results of an enquiry into the public deficit, a Bank of Portugal source said.
ECB sounds the alarm
ECB - The prospect of fudging the EU stability pact, which stipulates a 3% budget deficit ceiling for national governments, drew criticism from ECB officials on Thursday.
Portugal has budget woes, not crisis - c bank
PORTUGAL - Portugal's Central Bank Governor Vitor Constancio said on Monday the country was facing budget problems as its deficit widened but not an economic crisis.
Portugal's Constancio rules out ECB board bid
PORTUGAL - Portugal's central bank governor Vitor Constancio on Thursday ruled himself out of the race to replace European Central Bank Vice-President Christian Noyer who steps down from the board at the end of May.
Welteke sees no need for rate cuts now - report
PORTUGAL - Current European Central Bank interest rates are appropriate and there is no need for a cut at this time, Bundesbank President and ECB governing council member Ernst Welteke said in a newspaper interview published Friday.
€ Euro - Portugal rolls presses again
PORTUGAL - The euro has brought banknote printing back to Portugal for the first time in almost a century. Since the early 1900s, the work had been outsourced, largely to the UK, for reasons of economy of scale. But the Bank of Portugal decided that it…
Bank of Portugal - Annual Report 2000
ANNUAL REPORT - Banco de Portugal, the central bank of Portugal, has published its Annual Report for 2000.
€ EURO - Portugal to use big value notes
PORTUGAL - Portugal has changed its mind about not circulating the two highest denomination euro banknotes and now plans to distribute a small number of Euros 500 ( £310) and Euros 200 notes.