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Brussels forecasts and 3 other things you need to know to start your day

Image Credit: Notícias ao Minuto

The European Commission is set to update its economic forecasts today, with expectations of a negative impact stemming from uncertainty caused by trade tensions following the U.S. announcements of tariffs. It is anticipated that the economic growth estimates will be revised downward.

  • How have mortgage interest rates changed?

Housing: The National Institute of Statistics (INE) will release the Implicit Interest Rates on Housing Credit for April 2025.

Payments to entities via the Portuguese banking system will now include the recipient’s name, effective from today. This change implements a directive from the Bank of Portugal (BdP) aimed at combating banking fraud.

  • Bank of Portugal releases data

Economic outlook: The Bank of Portugal is publishing its Securities Statistics.

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