Temporary measures should not become permanent

By TPN/Lusa, in News, COVID-19, Economy · 06-05-2021 18:31:00 · 0 Comments

The governor of the Bank of Portugal (BoP), Mario Centeno, said that measures that were created to provide a temporary response to the crisis should not be made permanent.

"We cannot want to keep in the future measures that were created to be temporary," said the governor of the Bank of Portugal at the presentation of the May Economic Bulletin where the BdP makes an analysis of the economy in 2020.

This is the case, he said, of measures such as simplified lay-offs or guaranteed credit lines.

Making temporary measures permanent is, moreover, one of the risks identified by the Bank of Portugal following the current crisis caused by the Covid-19 pandemic, to which it added two others: social inequality and the creation of pressure on the financial system.


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