2023-10-12 13:00:14
Margarita Delgadodeputy governor of the Bank of Spain, has declared that a slowdown in economic activity is expected in the short term, with an average GDP growth of 2.3% this year, and around 2% in the following two years, while official rates would be close to their maximum peak.
This was stated during a conference titled ‘Analysis and Expectations of the Economy’, promoted by Caja Rural de Asturias and Llana Consultores, at the Real Club Astur de Regatas de Gijón.
In this sense, and regarding what affects the mortgaged especially, the expectations of the financial markets, according to Delgado, point to a start of rate cuts in the euro area towards mid-2024.
Regarding the evolution of general inflation, he has indicated that it slowed down to 1.6% in June, but has rebounded later (up to 3.2 percent in September), due to the energy component, according to the deputy governor of the Bank of Spain.
Likewise, he has stressed that although inflation of food has slowed from its February peak, it is still “elevated.” In the case of core inflation -HICP without energy or food-, it has been considered that it has not yet consolidated its downward trend
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