The Secretary of State for Finance says the suspension of the E-series savings bonds is “in order to properly manage government debt, there is no lending to the bank”says João Nuno Mendes, addressing the press at the Ministry of Finance this afternoon.
“There is an adjustment in reimbursement rates, which we recognize,” added the official, underlining that the importance of this new range will be consistent with reimbursement in other funding sources.” “The state of Portugal must prepare for the increasing interest,” says João Nuno Mendes.
The State Secretary’s statements come after some negative political reactions to the government’s measure.
Last Saturday, the PCP requested an urgent hearing from the Secretary of State for Finance.
In a request to which Lusa had access, the PCP faction points to the sudden way in which the suspension of the issuance of the E Series Savings Bonds (CA) was announced Friday evening to justify the urgent hearing of the Secretary of State João Nuno Mendes, on the Budget and Finance Committee.
Marcelo Rebelo de Sousa also asked the bank today for “a small effort” to better pay deposits. The demand for savings bonds, says the president of the republic, is a sign that “the Portuguese think that what the bank pays is little and seek compensation in savings bonds”.
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Source: DN
