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July 13, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – June’s core CPI went down to 5.25%YoY, however the adjustment is slowing down
Summing up, inflation is slowing down, however the MoM pace is also slowing down, which is not positive as Core data 5.25%YoY (Euro Area: 5.4%) is well above ECB’s target.
July 06, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry: May – The banking environment remains friendly
In a nutshell, the banking sector environment remains friendly, as Loans interest rates continue to increase, while Deposit Interest rates are also increasing but not impacting our NIM proxy, still close to record levels
July 04, 2023
AS Independent Research
AS Independent Research
Portuguese Economy - May’s budget execution disappointed
Portuguese Economy - May’s budget execution disappointed, Revenues only grew 1.2%YoY; while Expenditures grew 9.6%.
July 04, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Gross Government debt is stabilizing close to €280Bn
Portugal Economy: Gross Government debt is stabilizing, close to €280Bn, while Deposits stabilized at €23Bn. Meanwhile, Government Debt target at YE23: 107.5%; seems achievable, actually it could finish the year below the target.
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