Bank of Spain14 October 2026Intervención DG Economía

DG Economics. CREO 2026. Uncertainty, transformation and resilience

The Neural Herald summary, AI-generated

At CREO 2026, Director General of Economics David López Salido described a change of era driven by geopolitics, artificial intelligence and demographics. He warned of more volatile inflation and of medium-term real interest rates above pre-pandemic levels, owing to higher public and private financing needs.

Key points

The financial soundness of households, firms and banks underpins the Spanish economy's resilience.
Identifies public debt as the main vulnerability and calls for a credible fiscal path.
Sees access to housing as the country's main economic and social challenge.

Who is affected

Firms, financial institutions and economic policymakers.

Plain-language version

A senior Bank of Spain official says we are living through a turning point driven by geopolitics, AI and an ageing population. He expects more unstable inflation and higher interest rates than before the pandemic, making loans and mortgages dearer. He sees public debt as the main risk and housing as the country's biggest challenge.

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DG Economics. CREO 2026. Uncertainty, transformation and resilience

Key points

Who is affected

Plain-language version

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