The impact of rate hikes on Spain´s economy and financial sector

Letter from the Editors

Housing market

Housing markets ahead of the threat of recession

Despite the drop in household income as a result of inflation, the housing market has remained dynamic due to its safe-haven appeal, pent-up savings and ...

Gas markets

Spain: Reduced vulnerability to gas rationing relative to other European countries

Spain´s lower expected reduction in demand under the pan European plan, together with a generally lower consumption of Russian gas by the country´s ...

Bank profitability

Spanish banks ahead of the return to positive interest rates

Now that interest rates are finally back in positive territory, banks have the opportunity to advance on the challenge of increasing profitability. However, ...

Banking margins

Translating EURIBOR increases into improved banking margins: Differential timing on asset and liability repricing

After more than five years of abnormally low, even negative, interest rate levels in the case of the 12-month EURIBOR, the fact that rates have turned positive ...

Corporate lending

Monetary policy and business lending: Impact on pricing

The recent reversal of the ECB´s unconventional monetary policy is already driving interest rates higher, raising the risk of triggering an increase in ...

Fiscal stability

Securing fiscal stability in the context of uncertainty

Decisive policy action in response to the pandemic at the EU and Spanish level has been more effective than measures taken to tackle the Great Recession; yet, ...

Income inequality

Income inequality in year one of the pandemic

Social protection measures rolled out by the government during the COVID-19 crisis strongly mitigated the negative effect of the pandemic on lower income ...

Regulation and Economic Outlook
Recent key developments in the area of Spanish financial regulation
Prepared by the Regulation and Research Department of the Spanish Confederation of Savings Banks (CECA)
Spanish economic forecasts panel: September 2022
Funcas Economic Trends and Statistics Department
Key Facts
Economic Indicators
Financial Indicators
Social Indicators