Banco de España
BDESpeech
Personal loans reach 23 percent of lowest-wealth household debt
Banco de España Governor José Luis Escrivá emphasized the necessity of micro-level wealth data for economic and macroprudential policy.
Focus
BDEPaper
Adverse oil supply shocks trigger asymmetric drop in US activity
Adverse oil supply news shocks cause larger and more persistent contractions in real activity than favorable shocks produce expansions, according to research from Banco de España.
BDEPaper
Upside inflation risks create persistent stagflation
Shifts in the asymmetry of inflation risks generate persistent stagflationary dynamics by raising prices and depressing real economic activity, according to research from the Banco de España.
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BDEPaper
Policy uncertainty acts as supply shock across Latin America
Domestic economic policy uncertainty shocks reduce GDP by up to 0.4 percent and increase inflation by 0.3 percentage points across five major Latin American economies, according to a Banco de España study covering 2005 to 2025.
BDENews
Workshop for researchers on household finances
The Banco de España and CEMFI (Centro de Estudios Monetarios y Financieros) will host a two-day research workshop in Madrid on September 3-4, 2026, examining two decades of the Spanish Survey of Household Finances.
BDEDecoder
El Niño cuts euro area food prices, La Niña raises them
Pacific climate phenomena directly impact European grocery bills, with El Niño reducing euro area food basket prices by up to 0.7 percent after 12 months while La Niña increases them by 1.1 percent, according to Banco de España research.
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BDEDecoder
Financial Stability Review marks 25 years with over 300 articles
Banco de España has published the 50th issue of its Financial Stability Review, marking 25 years of analyzing financial system transformations.
BDEPaper
Ten percent NO2 increase lowers Madrid house prices by 0.65 percent
A 10 percent increase in nitrogen dioxide pollution reduces Madrid housing prices by 0.65 percent, or about 1,327 euros for the average home, according to a Banco de España working paper.
BDENews
BBVA capital buffer raised to 1.0 percent for 2027 systemic banks
The Banco de España has set the 2027 capital buffer requirements for Spain's four systemically important banks, raising BBVA's requirement from 0.75 percent to 1.00 percent while maintaining rates for Santander, CaixaBank, and Sabadell.
BDEPaper
Commercial real estate NPLs hit 4.3 percent amid elevated EU risks
The European Systemic Risk Board published its 2025 Annual Report, warning that systemic risks in the EU financial system remain elevated amid geopolitical tensions, debt vulnerabilities and non-bank leverage.
BDEDecoder
57 percent of Spanish consumers still rely primarily on cash
A Banco de España survey reveals that 57 percent of consumers still use cash as their primary payment method at physical points of sale.
BDENews
Textile art collection goes on display in September
Banco de España will host an exhibition showcasing its textile art collection from September 28, 2026, to March 27, 2027.