Portugal Names Pereira Central Bank Chief, Replacing Centeno

The Portuguese government nominated Alvaro Santos Pereira to head the central bank, replacing one of the euro area’s most dovish interest rate-setters after just one term.

Pereira, 53, is currently the OECD’s chief economist. He will succeed Mario Centeno, Minister of the Presidency Antonio Leitao Amaro said at a press conference in Lisbon on Thursday following a cabinet meeting.