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Markets Briefing

Markets, Business & Tech Briefing: PSI Gains 0.72%, Bank of Portugal Holds 1.8% Growth, EDPR Leads

The latest Portugal news, analysis, and what it means for expats and residents.

Markets, Business & Tech Briefing: PSI Gains 0.72%, Bank of Portugal Holds 1.8% Growth, EDPR Leads

📋 In This Edition

  • Bank of Portugal holds 1.8% growth forecast, lifts inflation view
  • BPI clears Bank of Portugal's 2026 capital requirements
  • Tech hiring cools as salaries plateau and AI talent stays scarce

Bank of Portugal holds 1.8% growth forecast, lifts inflation view

The Banco de Portugal (Bank of Portugal) published its June Boletim Económico (Economic Bulletin), keeping its 2026 GDP growth projection unchanged at 1.8%, with growth of 1.6% pencilled in for 2027 and 1.8% for 2028. The main revision was to prices: the central bank now sees inflation at 3.1% in 2026, up 0.3 percentage points from its March estimate, partly on a revised average oil-price assumption of €82.9 per barrel.

BPI clears Bank of Portugal's 2026 capital requirements

Banco BPI confirmed it meets the regulatory thresholds set by the Bank of Portugal for 2026, reporting a minimum requirement for own funds and eligible liabilities (MREL) ratio of 26.60%, comfortably above the supervisory floor. The disclosure underscores the strong capital position of Portugal's listed banks heading into the second half of the year.

Tech hiring cools as salaries plateau and AI talent stays scarce

Portugal's technology sector is shifting into a more mature phase, according to the latest Experis Tech Talent Outlook. The net employment outlook for IT stands at +32% for the third quarter of 2026 — still the second-strongest of any sector after construction and real estate, but down sharply from the prior quarter. Average gross annual tech pay has reached €53,671, yet grew just 0.9% this year after a 14% jump in 2025. Employers flagged AI literacy as the hardest skill to recruit, cited by 35% of firms.

Outlook

With Portuguese yields anchored near cycle-tight spreads and bank capital looking robust, attention on Tuesday turns to whether Lisbon can build on its gains as a softer euro supports the index's export-heavy names, against the backdrop of the Bank of Portugal's slightly firmer inflation path.

This briefing is for information only and does not constitute investment advice.

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