The Bank of Spain published a refreshed framework for its analysis and research priorities for 2025-2030, following the end of the 2020-2024 cycle. The programme is structured around four interrelated themes: pillars of central banking, challenges facing the Spanish economy, European resilience in a changing world, and global trends. Work on central banking pillars will cover topics including inflation and monetary policy, macroprudential policy and financial stability, banking system solvency, financial exclusion, banknote design and the digital euro. The Spain-focused strand spans productivity, demographics and immigration, housing affordability, fiscal policy sustainability and the labour market, while the European resilience theme includes the euro area’s economic positioning, geopolitical risks and uncertainty, climate change impacts, and green and technological transitions including artificial intelligence. Global trends research will examine the effects of demographic shifts, climate change and the energy transition on economic and financial risks, as well as institutional quality and economic fragmentation, using approaches that emphasise modelling and communicating uncertainty, granular data, heterogeneity, recent technological developments such as AI and multidisciplinary methods. The Bank of Spain will review and update these priorities annually.
Bank of Spain 2025-12-29
Bank of Spain resets its 2025-2030 analysis and research priorities around four thematic areas
The Bank of Spain has unveiled its 2025-2030 analysis and research framework, focusing on central banking pillars, Spanish economic challenges, European resilience, and global trends. Key areas include inflation, monetary policy, financial stability, productivity, demographics, climate change, and technological transitions. The framework will be reviewed and updated annually.