Banco de España keeps 2.3% growth forecast, raises inflation outlookExecutive summary: The Banco de España maintained its 2026 GDP growth forecast at 2.3% but increased its inflation projection to 3.6% for 2026 and 2.6% for 2027. Higher inflation expectations could prompt tighter monetary policy and affect domestic spending and investment. Banco de España, Spanish government, market participants. The central bank may consider incremental rate adjustments and fiscal authorities may address housing supply constraints to mitigate inflationary pressures.The Banco de España left its 2026 GDP growth projection unchanged at 2.3% while revising inflation higher to 3.6% for 2026 and 2.6% for 2027. The upward revision reflects persistent price pressures despite stable economic expansion. Its stance signals a cautious monetary environment ahead.Connected developmentsImmigration drives three-quarters of Spain's economic growthSpain faces 750,000 housing shortageGold prices show Fed hangover despite Iran peaceEl Banco de España destaca el dinamismo de la economía pero eleva el déficit de vivienda a 750.000 casasIngka (Ikea) compra dos parques solares en España para reforzar el suministro energéticoBruselas pide a España más esfuerzo para impulsar la industria de chips tras los recortesOpen the full case file on Beyond →
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