Central Banking

Jaime Caruana forecast 2% inflation in 2001

According to Jaime Caruana, governor of the Bank of Spain, inflation in Spain has reached its ceiling and will return to 2%, although it will remain above this figure for some months. Caruana believes that the European Central Bank's seven interest rate rises since November 1999 have reduced the spending power of families and has led to them accumulating less wealth.

According to Caruana, a balanced budget and the structural reforms made by the government before last summer will lead to Spain

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: