Medina expects several months of inflation below 3%

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The minister of Finance, Fernando Medina, said today he expects several months in the second half of the year of inflation below 3%, highlighting also the expectation of reduction of the weight of public debt.

Fernando Medina was speaking at the opening session of the annual conference of the Securities Market Commission (CMVM), at the Gulbenkian Foundation in Lisbon, when he highlighted several times the improvement in the European Commission’s economic forecasts for Portugal, released last week.

“Inflation will slow down over the year 2023, with the European Commission and IMF projections now closer to those that the government had made,” he said.

“This means that we will already see throughout this year, particularly in the second half, several months of inflation below 3%,” considered Fernando Medina.

For the governor, this will be an “important evolution in relation to the stabilization of future expectations of families, companies and other economic agents.

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