Portugal’s PM urges ECB to be prudent in raising interest rates

LISBON, Oct 24 (Reuters) – Portugal’s Prime Minister Antonio Costa has urged the European Central Bank (ECB) to be prudent in raising interest rates from abnormally low levels, despite not expecting a dramatic increase in household bad loans in his country.The ECB has been unwinding policy support over the past year and lifted rates by a total of 125 basis points at its past two meetings, its fastest pace of policy tightening so far.Costa said he “understands the logic of normalizing monetary policy”.Register now for FREE unlimited access to Reuters.comRegister”(But) I think that the ECB, in all …
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