Central banks may have slowed down the pace of interest rate hikes, but that doesn't mean the bad news is over. Cristina Casalinho, who for a decade led the Treasury and Public Debt Management Agency (IGCP), anticipates that the rising inflation rate and interest rates throughout this year will be reflected in a “more difficult” and “challenging” first half of 2023.

In an interview with Público, the executive director of Sustainability at BPI and administrator of the Calouste Gulbenkian Foundation, anticipates that inflation may correct to 2 percent next year.

Cristina Casalinho argues that the delivery of one-off amounts by companies to their employees to mitigate the rise in the cost of living is a “good option” because it “compensates for part of the loss of income without promoting second-round effects.”