MNI BRIEF: BoS Revises 2025 Growth Outlook Higher To 2.6%
Sep-16 11:00By: Santi Pinol
European Central Bank+ 4
The Bank of Spain has revised up its 2025 growth and inflation projections for the country to 2.6% (+0.2pp) and 2.5% (+0.1pp), respectively, compared to the June round of forecasts.
Higher-than-expected energy prices and economic activity has pushed up prices for this year and kept it to 1.7% for 2026. However, the national bank revised down the 2027 inflation number to 2.4%, with new ETS2 regime accounting for 0.7pp of the total number, the central bank said Tuesday.
Growth for 2026 and 2027 remain unchanged at 1.8% and 1.7%, respectively, underpinned by consumption and investment. The BoS noted that risks are tilted to the downside regarding growth, although more balanced with inflation.
