"Protectionism is inflationary in the short term." "PEPP flexibility has not been used since July 2023." ...

The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher ...

"Recovery is slower than expected." "Exports should support recovery if trade tensions don't escalate." ...

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Investors have noticed: with faster growth and a lower fiscal deficit than France, Spain has seen its bond yields dip below ...