Bank of Spain

Retail interest rates are high compared to other Eurozone's countries

The Bank Of Spain Will Keep The Counter-Cyclical Buffer At 0% Until It Returns To A Path Of Recovery

The Bank of Spain has decided to maintain the counter-cyclical capital buffer applicable to credit exposures in Spain at 0% during the third quarter of the year. It will probably also do the same in the coming quarters due to the current context of the coronavirus crisis as the severe macroeconomic and financial impact of the Covid-19 crisis require credit institutions to maintain the flow of financing to the real economy. The aim of the counter-cyclical capital buffer is to reinforce the solvency of the banking system in phases of excessive credit growth.


The Bank Of Spain Urges The Government To Adopt A Strong Fiscal Response To Avoid Extending Covid-19’s Impact

Following the publication of the Financial Stability report, Bank of Spain governor Pablo Hernández de Cos highlights the significant increase in public debt, which will have to be faced once the crisis is over. The governor points out that it will be necessary to implement a medium-term fiscal consolidation programme and implement the necessary structural reforms.



The Bank of Spain warns pension spending will grow by 5 pct points of GDP by 2050 if 2013 reform is suspended

The Bank Of Spain Warns Pension Spending Will Grow By 5% Of GDP By 2050 If 2013 Reform Is Suspended

Spain’s central bank highlighted the need for structural changes in the public pension system to ensure its long-term viability, while warning against the reversal of those already made. According to a simulation exercise presented by the entity, the revaluation index introduced after the 2013 reforms, which decoupled the rise in pensions from CPI, was the main reason behind lower pension expenditure.


Economy at a glance: the bank of Spain forecasts

Economy At A Glance: The Bank Of Spain Forecasts

Círculo de Empresarios | The Bank of Spain forecasts that the Spanish economy will embark on a gradual path of deceleration until 2022, and therefore maintains its 2% and 1.7% annual growth forecasts for 2019 and 2020, respectively.


The Spanish economy in 2020: things are not looking so bad

Spanish Economy Is Waiting For A Government

Joan Tapia | The Bank of Spain, by raising its growth forecast for 2019 from 2.2% to 2.4%, has confirmed that the Spanish economy has begun the year better than expected. Thus are undone the catastrophic forecasts of some analysts and the political right.



spanish gdp slows more than expected

Going Around In Circles With Budgetary Stability

For a long time, Spain has had a “debt pending” in terms of budgetary stability. And, for the time being, the current scenario leads us to think that balancing the public finances is a difficult objective to achieve in the medium-term. Added to that problem is the high level of government debt.


Spain is also the second country in Europe with the lowest costs in digital banking

The Future of Banking: Secure Money and Deregulation of the Financial System

In a conference by Miguel Fernández Ordóñez, Governor of the Bank of Spain from 2006 to 2012, at the Ramón Areces Foundation in Madrid, he tried to find out whether, within the technology-generated changes, there is one that is “disruptive”, that can produce a radical change in the banking activity of such importance that, as is happening with other industries, it forces private banks to transform themselves into companies very different from those that exist today.


Spanish households savings

Spain Households’ Savings Target Investment Funds

Spanish households reduced their savings efforts marginally in the third quarter of 2017. Despite the Spanish banks’ attempts to offer positive returns on deposits against a backdrop of negative interest rates from the ECB, families are looking for greater returns from other kinds of financial assets like investment funds.