Bank of Spain sees economic growth at 0.5%-0.6% in second quarter MADRID (Reuters) -Spain’s economy is likely to grow at a solid rate of between 0.5% and 0.6% in the second quarter from the previous three months when it expanded 0.6%, the central bank said on Tuesday, a day after it trimmed its longer-term outlook. Bank of Spain Governor Jose Luis Escriva on Monday lowered this year’s growth estimate to 2.4%, still well above the euro zone’s average, from 2.7% expected previously, citing the impact of the global trade tensions. "Looking ahead to the coming quarters ... the gradual slowdown in the Spanish economy is expected to continue despite the boost to activity that could come from higher defence and infrastructure spending in the EU," the central bank said in its full report on Tuesday. The outlook was calculated under a central scenario with U.S. tariffs of 10% on European goods and no retaliation, said the Bank of Spain’s chief economist, Angel Gavilan. The EU already faces 25% U.S. import tariffs on its steel, aluminium and cars, and the so-called "reciprocal" tariffs of 10% for almost all other goods, a levy that would rise to 20% after a 90-day pause is set to expire in July. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Bank of Spain to lower growth forecasts due to U.S. tariffs, ECB’s Escriva says Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Bank of Spain and ECB monitor impact of new U.S. tariffs Investing.com -- The Bank of Spain’s head of supervision, Mercedes Olano, stated that it’s still premature to gauge the effects of the recently imposed U.S. tariffs. She added that European supervisors are consistently observing the situation, and as of now, no impact on the liquidity of European lenders has been detected. Olano mentioned in a news briefing that there is a high degree of uncertainty, and vigilance is being maintained by all supervisors, including those from the Single Supervisory Mechanism (SSM), the Bank of Spain, and other European bodies. They are continuously assessing the potential effects that the various tariffs could have on the global financial system. She also noted that no liquidity issues have been identified in the short to medium term. In addition, it has been reported by three sources that the European Central Bank (ECB) has heightened its monitoring of euro zone banks and bond markets. This comes amid a rout in global stocks driven by the ongoing trade war. However, the ECB has not found any cause for concern at this point. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Stratis Secures Spain VASP License Stratis Secures Spain VASP License Stratis, a blockchain-developing platform recently obtained a VASP license in Spain, showing its commitment to regulatory compliance. In a crucial step that occurred within the field of cryptocurrencies, the…

Stratis Secures Spain VASP License


Stratis, a blockchain-developing platform recently obtained a VASP license in Spain, showing its commitment to regulatory compliance. In a crucial step that occurred within the field of cryptocurrencies, the blockchain-developing… #BankofSpain #Spain #Stratis