Tag Archives: European Central Bank

PEDRO Sanchez has been accused of ‘colonising’ the independent Bank of Spain after reports emerged that a government minister is set to be announced as the central bank’s new chief. Jose Luis Escriva, the current digital transformation minister, will be unveiled as the Bank of Spain’s new governor on Wednesday, according to government sources, replacing the outgoing Pablo Hernandez de …

NEXT month’s anticipated interest cut by the European Central Bank is contributing to significant falls in the Euribor- the main benchmark index for mortgages in Spain. August’s Euribor rate is almost a percentage point down on a year ago, standing so far this month at 3.18% compared to 4.073%. Last September, it peaked with a monthly average of 4.149%. The …