PSD worried about interest rate hikes and holds open vote – The Economic Journal

PSD worried about interest rate hikes and holds open vote - The Economic Journal


"This Government has lived during these years with the benefit of very low interest rates, these rates will start to rise. The minister himself acknowledged this and acknowledged the need for caution, but he did not explain in detail what precautions these should be, "said PSD parliamentary leader Fernando Negrao at the end of a meeting with finance minister Mário Centeno , in the Assembly of the Republic, on the general lines of the proposal of the State Budget Government for 2019.

Mr Negrão was "satisfied" with the government's planned macroeconomic scenario of deficit and unemployment reduction, but regretted that "few concrete answers" were given at the meeting.

Asked about the PSD's sense of vote in relation to the executive's budget proposal, the Social Democrat chairman referred to the response that has been given by party leader Rui Rio.

"Of course there is no decision, the president of the PSD has said that a decision only after analyzed the State Budget," he said.



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