MAIN ACTIONS AND KEY DATA IN 2025

• Falling inflation enabled interest rates to be cut in 2025

• The has been updated to adapt it to the present environment

• Four interest rate cuts, down to 2%

monetary policy strategy

Working to keep prices stable

• The Spanish banking systems is robust, with high liquidity and high profitability
• In 2025 we adopted macroprudential measures

Countercyclical buffer

• raised from 0.5% to 1%

Safeguarding the soundness of the financial system

• We ensure that payment transactions can be made securely and efficiently
• We ensure cash availability and fight fraud
• We are advancing the project

• Over 474 million banknotes produced
• Six million banknotes distributed per day
• 63,000 counterfeit banknotes detected

Ensuringa secure payment system

digital euro

Protecting bank customers

• More than 67,000 handled
• Penalties amounting to over €43 million imposed on banks

complaints

• We ensure that your relationship with your bank is fair and balanced

Analysing economic developments in detail

• We and risks, in a setting marked by geopolitical tension, climate change, new technologies and population ageing

assess outlooks