June 15, 2020 / 9:34 AM / 24 days ago

Centeno well-suited to be next Bank of Portugal chief, says PM Costa

LISBON, June 15 (Reuters) - Portugal’s Prime Minister Antonio Costa said on Monday that Mario Centeno, who last week resigned from his role as finance minister, is well-equipped to be the next central bank governor.

“Mario Centeno has all the conditions to exercise the post of governor of the Bank of Portugal,” Costa told a news conference shortly after the newly appointed Finance Minister Joao Leao took office.

Centeno, also Eurogroup chief, is credited with reversing long-standing austerity policies while also achieving the country’s first budget surplus in 45 years in 2019.

Reporting by Sergio Goncalves, Andrei Khalip and Catarina Demony

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