A declaração inicial do Presidente do BCE

Na declaração inicial que antecedeu as respostas a questões em que admitiu que o BCE "encorajou" o Governo português a pedir ajuda externa o presidente do BCE manifestou a sua preocupação com os riscos inflaccionistas

"Risks to the medium-term outlook for price developments remain on the upside. They relate, in particular, to higher than assumed increases in energy prices, not least owing to ongoing political tensions in North Africa and the Middle East. More generally, strong economic growth in emerging markets, supported by ample liquidity at the global level, may further fuel commodity price rises. Moreover, increases in indirect taxes and administered prices may be greater than currently assumed, owing to the need for fiscal consolidation in the coming years. Finally, risks also relate to stronger than expected domestic price pressures in the context of the ongoing recovery in activity."

O que indica que se seguirão mais subidas das taxas directoras do BCE ao longo do corrente ano, o que tem conduzido a uma subida das taxas de juro do mercado monetário, onde a Euribor a 12 meses está já acima dos 2%.