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December 14, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – November’s core CPI went down to 2.9%YoY; inflation is slowing down
positive data, core inflation at 2.86%YoY; below 3% for the first time since Jan/22. The base effect should continue to help until March/24, even so the underlying trend is also weakening.
December 07, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remains resilient
The DEI (Daily Economic Index) kept the momentum over November and is now 4QtD at 4.3%YoY; slightly above the prior week and two weeks ago.
December 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Gross Government debt should finish the year around current levels
Gross Government debt, Maastricht definition, should finish the year around current levels, October: €270Bn, which should mean Debt to GDP ratio YE2023: 102%/103%.
December 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, October – The good times in the sector are over!
Remuneration on new Time-Deposits on Individuals, +64bp MoM to 2.93%, +100bp in two months. The pace keeps surprising, namely because liquidity in the system remains abundant, ratio Loans to Deposits below 0.85x
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