Story perspectives

ECB Stays Course as Inflation Holds Steady, Calls for Reforms

1/9/2026

Summary

Story summary

Álvaro Santos Pereira states there is no need to adjust monetary policy as euro-area inflation remains near the 2% target.
He says the ECB has fulfilled its role in supporting the economy.
He urges European governments to implement structural reforms to boost growth.
Pereira, governor of the Bank of Portugal, calls for deepening the single market to benefit Europe’s 450 million consumers.

History

Historical Context

In 2012, the European Central Bank (ECB) adopted aggressive monetary policies, including lowering interest rates, to address the eurozone crisis and stabilize inflation around 2%. These measures supported struggling economies like Portugal, which faced austerity. Álvaro Santos Pereira's recent comments highlight ongoing challenges in achieving sustainable growth, underscoring the necessity for structural reforms to ensure the eurozone's recovery and benefit its 450 million consumers.

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Story summary

Álvaro Santos Pereira states there is no need to adjust monetary policy as euro-area inflation remains near the 2% target.
He says the ECB has fulfilled its role in supporting the economy.
He urges European governments to implement structural reforms to boost growth.
Pereira, governor of the Bank of Portugal, calls for deepening the single market to benefit Europe’s 450 million consumers.

1 / 2