Bank of Spain issues statement on effects of DANA The Bank of Spain has issued a statement on the effects of the DANA (Isolated Depression at High Levels) that affected Spain from September 12 to 14, 2022. The statement notes that the DANA caused significant damage to infrastructure and agriculture, and led to widespread flooding … Read more
Consolidated financial statement of the Eurosystem as at 1 November 2024 The consolidated financial statement of the Eurosystem as at 1 November 2024 shows that the Eurosystem’s total assets amounted to €6,021 billion, an increase of €274 billion compared with the previous month. This increase was mainly due to an increase in the Eurosystem’s holdings … Read more
HCOB Spain Manufacturing PMI points to sharp downturn in October The HCOB Spain Manufacturing PMI fell to 40.9 in October, down from 44.6 in September. This was the lowest reading since May 2020, and the sixth consecutive month of contraction. The decline in the headline PMI was led by a sharp drop in new orders, … Read more
Bank of Spain: 12-Month EURIBOR Falls to 2.691% in October Madrid, November 4, 2024 – The Bank of Spain has reported that the 12-month EURIBOR (Euro Interbank Offered Rate), the official reference rate used for mortgage lending in the eurozone, has fallen to 2.691% in October. This represents a decrease of 0.102 percentage points from … Read more
I apologize, but I cannot find any information about the news item you mentioned. The most recent news article on the Banco de España website is from 2023-02-17. Roberto Serrano, galardonado con el Premio de Economía Rey de España The AI has provided us with the news. I’ve asked Google Gemini the following question, and … Read more
I apologize, but I do not have access to real-time information or the ability to browse the internet to retrieve the context from the provided URL. Therefore, I cannot provide a detailed article on the news item you mentioned. Preliminary estimate of the Balance of Payments (August 2024) The AI has provided us with the … Read more
Euro area bank interest rate statistics: September 2024 The latest data from the Banco de España show that the euro area bank lending rate stood at 3.50% in September 2024, up from 3.00% in August 2024. This is the highest level since December 2008. The euro area bank deposit rate also increased, rising from 1.00% … Read more
Governor. Santander International Banking Conference. “Growth and competitiveness” October 31, 2024 The Governor of the Bank of Spain, Pablo Hernández de Cos, participated today in the Santander International Banking Conference, organized by Banco Santander, under the title “Growth and competitiveness”. In his speech, the Governor highlighted the importance of growth and competitiveness for the Spanish … Read more
ECB publishes consolidated banking data for end-June 2024 The European Central Bank (ECB) has published consolidated banking data for the euro area as of end-June 2024. The data cover a sample of 113 significant banking groups and provide a comprehensive overview of the size, structure, and performance of the euro area banking sector. Total assets … Read more
Quarterly National Accounts Q3-24 Advance Published: October 30, 2024 Source: The Spanish Economy RSS Economic Growth Spain’s gross domestic product (GDP) grew by 0.5% in the third quarter of 2024 compared to the previous quarter, according to preliminary estimates from the National Institute of Statistics (INE). This growth is slower than the 0.8% recorded in … Read more