Published by Global Banking & Finance Review®
Posted on October 3, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleAlvaro Santos Pereira is appointed as the new governor of the Bank of Portugal, succeeding Mario Centeno and joining the ECB's Governing Council.
LISBON (Reuters) -Portuguese economist Alvaro Santos Pereira will take over as governor of the Bank of Portugal and member of the European Central Bank's Governing Council as of Monday, succeeding Mario Centeno, the government said on Friday.
In July, the centre-right minority administration nominated Santos Pereira, who served as economy minister in 2011-2013 and has until recently worked as the chief economist at the Organisation for Economic Cooperation and Development, for the job.
He was officially appointed after a parliamentary hearing last month, where he said he was not a so-called dove, a term used for those who favour looser monetary policy.
Centeno, who had been appointed by a previous centre-left government after serving as finance minister, has been a vocal ECB dove.
(Reporting by Andrei Khalip)
The Bank of Portugal is the central bank of Portugal, responsible for implementing monetary policy, ensuring financial stability, and overseeing the banking system in the country.
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic goals such as controlling inflation and stabilizing the currency.
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