ECB policymaker says monetary policy has finished its supportive role and interest rates should hold steady
Alvaro Santos Pereira stated that interest rates should remain steady as inflation nears target. He called on governments to implement structural reforms.
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Alvaro Santos Pereira alvaro santos pereira, a prominent European Central Bank policymaker and the current governor of the Bank of Portugal 
PT, declared on Wednesday, January 8, 2026, that the central bank's monetary policy has completed its necessary work in supporting the regional economy. During an interview with RTP, Alvaro Santos Pereiraemphasized that there is currently no reason to change interest rates, provided that inflation remains close to the established target levels.
PT, declared on Wednesday, January 8, 2026, that the central bank's monetary policy has completed its necessary work in supporting the regional economy. During an interview with RTP, Alvaro Santos Pereiraemphasized that there is currently no reason to change interest rates, provided that inflation remains close to the established target levels.
