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On January 16, 2025, ECB's Mario Centeno Confirms Euro-Area Inflation Under Control Amid Government Discussions on Bank of Portugal Leadership
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10 days ago
Mario Centeno, a member of the European Central Bank's Governing Council, has stated that inflation in the euro area is under control. His remarks reflect confidence in the region's economic stability, contrasting with the volatility observed in other global markets. Centeno emphasized that the independence of central banks is more a responsibility than a right. Meanwhile, the Portuguese government has yet to discuss the potential reappointment of Centeno as the head of the Bank of Portugal, with discussions expected to take place towards the end of his current term.