Spain
CNB digital asset portfolio is about real learning, says Michl
Governor says bank is not looking to simulate reality but ‘touch it’ with experimental bitcoin holding
EU policy-makers lash out at Trump’s trade policy
Central banks say tariffs will create “many losers” in both Europe and the US
Bank of Spain denies it is withdrawing €50 bills
Central bank says UK tabloid stories are the result of fake news rather than fake notes
CRR III hangs in the balance as member states push for changes
Top EU lawmaker rejects calls to water down capital rules, while others see room for manoeuvre
Medium is the message, say Bank of Spain researchers
Coverage of policy decisions has greater impact than central banks’ own comms, study finds
Inheritance tax avoidance has fiscal impact – Bank of Spain study
Paper says loopholes led to effective reduction in tax rate of 1.3 percentage points in Catalonia
Rate hikes affect manufacturing economies more – Fed study
Authors find similar effects across eurozone and in US at county level
Minister nominated as Bank of Spain governor
Opposition says appointment of José Luis Escrivá would throw bank’s independence into question
BIS publishes centuries of data on central bank balance sheets
New “spliced” series extends back to founding of Sweden’s Riksbank in 17th century
Spanish political parties fail to agree on new governor
Opposition refuses to accept government’s nomination of former ECB official Escrivá
New NBER research sheds light on ‘cheapflation’
Savings from price discounts partially offset by price hikes for cheaper products
Bank of Spain imposes capital buffers on Portugal-exposed lenders
Move follows Bank of Portugal’s November decision over possible risks in housing market
New study finds uneven impact of changing energy costs
Energy prices more likely to affect product prices than wage increases
Local banks key to mitigating climate-related risks – BDE paper
Study finds “outsider” banks less responsive to needs of companies affected by wildfires
Machine learning pushes frontier of forecasting
AI techniques are starting to transform central banks’ statistical modelling. They could soon revolutionise structural models as well
Weather affects eurozone inflation, ECB paper finds
Bloc’s four biggest economies respond differently to changes in temperature and variability
Bank of Spain board member quits hours after appointment
Cabrales had signed letters expressing support for Catalan pro-independence politicians
Inflation in Baltics set to remain highest in euro area
Charts highlight divergence between eurozone members
Carstens wins major Spanish economics prize
King of Spain award praises BIS president’s work in Mexico and globally
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage
Old people hit hardest by inflation, research finds
Authors find income effects and “Fisher channel” have the biggest impact on Spanish households