The Bank of Spain has revised it’s financial forecasts for 2023. The central bank said the global financial sector tensions have created new adverse shock of yet uncertain magnitude and persistence. The Spanish bankers said uncertainty will likely have an adverse effect in the coming quarters and weaken inflation dynamics. They see the 12-month inflation rate falling to 3-4% in March from 6% in February. Bank of Spain Forecasts Spain Inflation Rate Spain’s consumer price inflation rate was revised slightly … Continue reading “Bank of Spain cuts 2023 Inflation Forecast to 3.7% from 4.9% on Global Financial Tensions”