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The Governor of the Central Bank of Portugal, Centeno, will attend the European Central Bank's September Interest Rate meeting.
Jin10 reported on August 26 that the Central Bank of Portugal confirmed in a statement on Tuesday that the outgoing President of the Central Bank of Portugal, and member of the European Central Bank Governing Council, Centeno, will participate in the European Central Bank's interest rate decision meeting on September 10-11. After completing a single term, Centeno will be succeeded by Alvaro Santos Pereira, the Chief Economist of the OECD. The appointment of the new President of the Central Bank of Portugal will take effect after the parliamentary hearing on September 17. Currently, the European Central Bank is facing its largest personnel adjustment since 2019, including the transitions of new central bank presidents in the Netherlands, Austria, and Portugal. As inflation has fallen from historic highs and trade tensions have weighed on the economy, the bank has lowered borrowing costs eight times in the past year.
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