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Less monetary policy and more fiscal expansion

The situation of the Spanish economy (less growth and high inflation), aggravated by Russia's invasion of Ukraine and by other factors that still persist from the previous situation, does not, in the opinion of the governor of the Bank of Spain, make a income agreement that guarantees that the impoverishment of the country is assumed by all: companies, workers -public and private- and pensioners.

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Less monetary policy and more fiscal expansion

The situation of the Spanish economy (less growth and high inflation), aggravated by Russia's invasion of Ukraine and by other factors that still persist from the previous situation, does not, in the opinion of the governor of the Bank of Spain, make a income agreement that guarantees that the impoverishment of the country is assumed by all: companies, workers -public and private- and pensioners.

And all this in the midst of a process of normalization of the monetary policy of the European Central Bank (ECB) that implies the cessation of the increase in debt purchases, as well as the very close rise in interest rates, something that the market already I picked up

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