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Central Bank of Spain
The Bank of Spain is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banking Supervision. It was originally established by Charles III in Madrid in 1782, as the Banco Nacional de San Carlos, and took its current name in 1856. Its activity is regulated by the Bank of Spain Autonomy Act. The bank doesn't translate its name to English but uses its Spanish name in all English communications.
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The Bank of Spain revises inflation projections upward to 3.9% for 2026 due to energy market instability linked to the Middle East conflict.
Bank of Spain revealed in its report on Friday that it expects average inflation to stand at 3.9% in 2026 and 3.7% in 2027, an increase of 0.3 and 1.1 percentage points, respectively, compared to its July forecast. It pointed to energy prices, up 22% year-on-year in September, as the main inflation driver, while…
Spain's central bank on Friday raised its economic growth forecast for this year and next, citing strong private consumption and rising exports while warning of risks from high inflation, international conflicts and rising bond yields.In its quarterly outlook, the Bank of Spain also projected this…