The Bank of Spain will revise its GDP growth forecast for this year downwards again in light of the latest data released by the National Institute of Statistics a few weeks ago, according to the presentation that the governor of the Bank from Spain, Pablo Hernández de Cos, made the institution’s annual report published today.
The governor is in favor of the ECB gradually raising interest rates very soon from the current -0.5% to a figure close to 1% throughout this year and the next. Spain is not limited to
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