CIP-ISEG cuts Portugal's 2026 GDP forecast to 1.5% from 1.8% — energy prices, an ECB June rate-hike bet and consumer confidence at a November-2023 low drive the trim. PRR execution carries the counterweight as the labour-reform debate restarts.
The Conselho de Auditoria of the Banco de Portugal warned that the €191.99M Entrecampos sede contract with Fidelidade covers only the structural shell — acabamentos will push the total toward €235M, and the auditors want the central bank's vacant Lisbon real estate sold faster to pay for it.
The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.
The aggregate Q1 2026 print is +4.9% on combined net profit. The story underneath it is one bank carrying the margem financeira while four others print net-interest-income compression masked by international diversification, commissions and volume.
Interest rates on term deposits in Portugal rose month-on-month in February 2026, marking the first increase since October 2025 and breaking a five-month streak of declining returns for Portuguese savers, according to data released today by the Bank...
Portuguese housing prices surged 17.6% in 2025 , the highest annual increase ever recorded in the country's available statistical series, according to data released last week by the Instituto Nacional de Estatística (INE). The increase — up 8.5...
One month ago, energy prices were falling, eurozone inflation sat comfortably at 1.9%, and the European Central Bank was on track to hold interest rates steady through most of 2026. Then came the Iran war. Eurozone inflation surged to 2.5% in March...
