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The Portugal Brief
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The Portugal Brief

The Portugal Brief

Banco de Portugal

Banco de Portugal Governor Álvaro Santos Pereira Pushes Mortgage Taxa de Esforço Cap From 50% to 45% and Extends the Under-35 Maturity Ladder to 40 Years — Macroprudential Recommendations Head Toward Binding-Rule Status

Governor Álvaro Santos Pereira wants the mortgage taxa de esforço cap lowered from 50% to 45%, the bank-level exception envelope cut from 15% to 10%, and the maximum maturity stretched to 40 years for borrowers under 35. He also asked parliament to make the rules binding.

imigração

Assembleia da República Tables 14:00 Vote on Three New Lei dos Estrangeiros Restrictions — PSD-CDS Pin Passage on Chega for the Student-Visa Gate, the Parents-of-Minors Clause and the Tacit-Approval Cut

Parliament votes at 14:00 on three additional restrictions to the Lei dos Estrangeiros (Foreigners Law) tabled by PM Luís Montenegro. The PSD-CDS minority counts on Chega votes for the student-visa requirement, the parents-of-minors clause and the elimination of tacit residence approval.