TBNPortugal
Santos Pereira says banks have “margin” to raise interest from deposits and promises news soon
Publication: ECO
Author: Alberto Teixeira
Source published: 08/10/2026, 08:56:27 UTC
Briefing created: 07/11/2026, 05:08:49 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 09:56:25 UTC.
Briefings
Governor Álvaro Santos Pereira of the Banco de Portugal stated that deposit interest rates remain very low while banks have room to increase remuneration incentives. He emphasized the need to encourage savings and promised new measures soon. The governor highlighted that deposit rates are significantly lower than Eurozone rates due to Portuguese banks holding large amounts of deposits. He warned that inflation has consistently exceeded deposit rates, causing purchasing power loss. Santos also cautioned against questioning deposit guarantee funds and resolution funds, which are essential for financial stability.
Key points
- Governor Álvaro Santos Pereira of the Banco de Portugal stated that deposit interest rates remain very low while banks have room to increase remuneration incentives.
- The governor highlighted that deposit rates are significantly lower than Eurozone rates due to Portuguese banks holding large amounts of deposits.
Context
The article discusses the Banco de Portugal's governor Álvaro Santos Pereira speaking at the Money Conference in Cascais. He emphasized the need to encourage savings and promised new measures soon. The governor highlighted that deposit rates are significantly lower than Eurozone rates due to Portuguese banks holding large amounts of deposits.
Limitations
Evidence is limited to a single interview with Governor Santos Pereira at the Money Conference. No specific data on the magnitude of the interest rate gap or the exact timeline for new measures is provided. The article does not contain information on the specific impact of the inflation rate on purchasing power or the current status of the deposit guarantee funds.
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