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Bank of Spain to lower growth forecasts due to U.S. tariffs, ECB's Escriva says

MADRID (Reuters) -The impact of U.S. tariffs on Spain will lead the Bank of Spain to revise down its 2025 growth forecasts, Spain's central bank governor Jose Luis Escriva said on Wednesday. "In the case of the Spanish economy, we will have to downgrade our growth forecasts," Escriva, who is also and European Central Bank's policymaker, told Spanish broadcaster TVE, adding that job creation could also be impacted. Escriva said however any forecasts were subject to high uncertainties.

MADRID (Reuters) -The impact of U.S. tariffs on Spain will lead the Bank of Spain to revise down its 2025 growth forecasts, Spain's central bank governor Jose Luis Escriva said on Wednesday.

"In the case of the Spanish economy, we will have to downgrade our growth forecasts," Escriva, who is also and European Central Bank's policymaker, told Spanish broadcaster TVE, adding that job creation could also be impacted. Escriva said however any forecasts were subject to high uncertainties..