Latest news with #BankOfSpain
Bloomberg
14-07-2025
- Business
- Bloomberg
Spain's Central Bank Picks Fed Official as New Chief Economist
The Bank of Spain appointed US Federal Reserve official David Lopez Salido as chief economist. Lopez Salido, who will take up the post in Madrid on Oct. 1, worked for almost two decades at the Fed's monetary-affairs division in Washington, where he's currently a senior associate director.
Bloomberg
10-06-2025
- Business
- Bloomberg
Spain to See Slowest Quarterly Growth in Two Years, Central Bank Forecasts
Spain's economy will grow at the slowest pace in almost two years this quarter, according to new forecasts from the central bank. Gross domestic product will rise by 0.5%-0.6%, the Bank of Spain said Tuesday. While still 'relatively high,' it could point to the start of a slowdown, it said. GDP increased by the upper end of that range in the first three months — the smallest advance since 2023.
Zawya
09-06-2025
- Business
- Zawya
ECB's Escriva sees scope for minor monetary policy easing
MADRID - The path of monetary policy easing in the euro zone could require further adjustments if the current macroeconomic and inflation outlooks are confirmed, ECB policymaker Jose Luis Escriva said. Last week, the ECB cut interest rates and hinted at a pause after inflation in the euro zone returned to its 2% target. Escriva, who is also Bank of Spain Governor, said in an interview to newspaper El Pais on Sunday that he "was very comfortable" with the current, gradual approach of successive 25-basis-point rate cuts. "Our central scenario – GDP growth of around 1%, inflation of 2% – could require some fine-tuning if it is confirmed," Escriva. The ECB has cut rates 2 percentage points since last June, to prop up a euro zone economy also hit by erratic U.S. economic and trade policies. Escriva said confidence in the dollar and U.S. assets had decreased since U.S. President Donald Trump took office and that since April, the dollar had not been a "safe haven" and its dominance as a global reserve currency appeared to have peaked. He also said the Bank of Spain was expected to revise downwards on Tuesday the forecast for Spanish economic growth by a few decimal points from the current 2.7% for 2025.
Bloomberg
08-06-2025
- Business
- Bloomberg
ECB's Central Rate Scenario May Need Fine-Tuning, Escriva Says
The assumptions currently guiding European Central Bank monetary policy may need tweaking, according to Governing Council member Jose Luis Escriva. 'When the situation is fraught with uncertainty, it is advisable to keep all options open,' the Bank of Spain governor said in an interview published by El Pais on Sunday. 'The central scenario we are operating with — GDP growth of around 1%, inflation of 2% — may, if confirmed, require some fine-tuning.'
Yahoo
08-06-2025
- Business
- Yahoo
ECB's Escriva sees scope for minor monetary policy easing
MADRID (Reuters) -The path of monetary policy easing in the euro zone could require further adjustments if the current macroeconomic and inflation outlooks are confirmed, ECB policymaker Jose Luis Escriva said. Last week, the ECB cut interest rates and hinted at a pause after inflation in the euro zone returned to its 2% target. Escriva, who is also Bank of Spain Governor, said in an interview to newspaper El Pais on Sunday that he "was very comfortable" with the current, gradual approach of successive 25-basis-point rate cuts. "Our central scenario – GDP growth of around 1%, inflation of 2% – could require some fine-tuning if it is confirmed," Escriva. The ECB has cut rates 2 percentage points since last June, to prop up a euro zone economy also hit by erratic U.S. economic and trade policies. Escriva said confidence in the dollar and U.S. assets had decreased since U.S. President Donald Trump took office and that since April, the dollar had not been a "safe haven" and its dominance as a global reserve currency appeared to have peaked. He also said the Bank of Spain was expected to revise downwards on Tuesday the forecast for Spanish economic growth by a few decimal points from the current 2.7% for 2025. Sign in to access your portfolio
