Tag #Bank Of Spain

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Bank of Spain Appoints New Director General of Economics

The Bank of Spain appointed David López Salido, former chief economist at the US Federal Reserve, as its new Director General of Economics, replacing Ángel Gavilán, while Galo Nuño will become the new Director General of Institutional, European, and Transparency Relations, following the resignation ...

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Bank of Spain Shifts Pension Analysis Responsibility to Airef Amidst Restructuring

The Governor of the Bank of Spain, José Luis Escrivá, transferred responsibility for pension analysis to the Airef, citing their superior expertise and the recent restructuring of the Bank's research department, which included the resignation of the director and a reduction of 200 staff members. The...

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Resignation of Bank of Spain's Economics Director Amidst Department Restructuring

Ángel Gavilán, director of Economics at the Bank of Spain, resigned, the third high-ranking departure since José Luis Escrivá became governor; this follows a significantly altered annual report lacking typical policy recommendations, coinciding with plans to restructure the department.

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48% Bias Score

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Spain's High Service Inflation to Continue Through Summer

The Bank of Spain forecasts high service inflation (around 4%) in Spain until summer's end due to increased tourism and leisure spending, exceeding the healthy economic growth rate; despite moderating consumer growth, consumer credit is surging.

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Bank of Spain Restructures Research Department Amidst Government Disagreements

The Bank of Spain is restructuring its research department, reducing its staff by half to 200 and relocating it, following disagreements with the government and the resignation of its director, Ángel Gavilán, after the department's annual report lacked policy recommendations.

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60% Bias Score

Reduced Inequality

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