西班牙央行上调了通胀预期，凸显出该国经济正面临比欧元区其他地区更强的压力。
Spain’s central bank increased its inflation forecast, underscoring how the economy is experiencing stronger pressures than in the wider euro area.
根据周五在马德里发布的预测，今年消费者价格涨幅将达到3.9%，比6月份的预测高出0.3个百分点。相比之下，欧元区2026年的通胀率预计为3%。西班牙央行在报告中指出，能源价格全面上涨推高了通胀。
Consumer-price growth will reach 3.9% this year, 0.3 percentage point above the June forecast, according to projections published Friday in Madrid. Across the euro zone, inflation is projected at 3% in 2026. “Energy prices have risen across the board, driving inflation higher,” the Bank of Spain said in its report.
西班牙近期的通胀涨幅比该地区更为显著，导致两者的通胀差异从4月份的0.5个百分点扩大到9月份的1.2个百分点。
The recent increase in inflation in Spain has been more pronounced than in the region, widening the inflation differential between the two from 0.5 percentage point in April to 1.2 percentage points in September.
报告称，预计2027年初通胀将因能源税减免和公共交通折扣政策的结束而回升，随后进入下行通道。
“At the beginning of 2027, inflation is expected to pick up, reflecting the end of energy tax cuts and public transport discounts, before subsequently embarking on a downward path,” says the report.
2027年通胀率预计将缓慢放缓至3.7%，明显高于此前2.6%的预测。尽管面临通胀冲击，西班牙经济预计仍将保持强劲增长。
Inflation is seen slowing slowly to 3.7% in 2027, markedly higher than a previous estimate of 2.6%. Despite the inflation shock, Spain’s economy is expected to maintain robust growth.
央行表示，今年国内生产总值将增长2.6%，2027年增长2.2%，均高于6月份的预测。
Gross domestic product will rise 2.6% this year and 2.2% in 2027, the central bank said. Both of those numbers are higher than in the June forecast.
西班牙首相佩德罗·桑切斯在议会否决其应对住房成本飙升的计划后，宣布于11月29日提前举行大选。
Spanish Prime Minister Pedro Sánchez called a snap election for Nov. 29 after parliament blocked his plan to tackle soaring housing costs.
据西班牙央行称，住房投资的发展是影响未来几个季度经济活动前景的因素之一。
According to the Bank of Spain, “developments in housing investment are one of the factors shaping the outlook for economic activity over the coming quarters.”
央行估计住房短缺量为75万套，预计到2028年将达到100万套，这导致房价飙升。
A housing shortage estimated by the central bank at 750,000 units, and projected to reach 1 million by 2028, has sent prices soaring.
央行表示，在劳动力短缺、建筑成本上升，特别是城市开发项目困难的背景下，新住房供应的反应弱于预期。
“The supply response in terms of new housing production has been weaker than expected, against a backdrop of labor shortages, rising construction costs and in particular, difficulties in urban development projects,” the bank said.