This Friday, the President of the Republic considered that inflation in Europe was “moving in the right direction” and called on economists to talk more openly, hinting at the possibility of lowering interest rates.
Speaking to journalists in Faro, on the sidelines of the National Assembly of the National Strategy for the Integration of Homeless People, Marcelo Rebelo de Souza highlighted the year-on-year decline in the rate of change in the consumer price index and the year-on-year decline in the rate of change in the consumer price index. The eurozone’s annual inflation rate is announced this Friday.
“Europe, I’m not even talking about Portugal – we decreased, but a little, 0.1%, in inflation – and in Europe it was more than a point, 1.3%. This means that Europe as a whole, even in countries that were very high, in the Baltic countries, in Eastern Europe, and which greatly influenced the European average, are experiencing this evolution. This shows that this is an ongoing phenomenon, no one thinks that this was a consequence of the last decision of the European Central Bank does not give such effects in 15 days,” he said.
The President of the Republic said that “there is a trend” and that he hopes that “as this trend becomes more visible,” economists will be more open to a possible reduction in interest rates.
“[Que] for the toughest economists, it is no longer a softer heart, but that they are beginning to have a more open mind, leading to an understanding that inflation is moving in the right direction, [mas] The situation of many families continues to be in a bad direction due to vested interests,” he said.
In his speech a few minutes earlier, Marcelo Rebelo de Sousa had already spoken about today’s “good news”.
“Inflation is falling at the European level and has also fallen slightly in Portugal. Let’s see if these important women and men in finance in Europe and the world will go so far as to help with what they feel they need to help with,” he said.
According to a quick estimate published today by the National Institute of Statistics (INE), the annual rate of change in the consumer price index was 3.6% in September, 0.1 percentage point lower than in August.
The eurozone’s annual inflation rate slowed to 4.3% in September, down from 5.2% in August, according to a quick estimate released today by Eurostat.
Author: Lusa
Source: CM Jornal
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