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MNI BRIEF: Bank Of Spain Lowers 2024 Inflation Projection

(MNI) ROME

Lower oil prices should support growth in 2025 and 2026, the Bank of Spain says.

The Bank of Spain has lowered its 2024 inflation projections to 2.7% from 3.3% in December due to lower energy prices and the extension of government measures to keep food and energy bills down, it said in its macroeconomic projections published on Tuesday.

The projections for inflation in 2025 and 2026 were also revised down, to 1.9% (0.1 less than December) and 1.7% (0.2 less) respectively, the Bank said. (See MNI ECB WATCH: Rates On Hold, Pointer To Possible June Cut)

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The Bank of Spain has lowered its 2024 inflation projections to 2.7% from 3.3% in December due to lower energy prices and the extension of government measures to keep food and energy bills down, it said in its macroeconomic projections published on Tuesday.

The projections for inflation in 2025 and 2026 were also revised down, to 1.9% (0.1 less than December) and 1.7% (0.2 less) respectively, the Bank said. (See MNI ECB WATCH: Rates On Hold, Pointer To Possible June Cut)

Keep reading...Show less