Bloomberg The Bank of Spain cut its estimate for economic growth for 2018 and 2019 because of the impact of political uncertainty related to Catalonia’s drive for independence. Growth is set to slow to 2.4 percent next year from a previous estimate of 2.5 percent in September before the secession crisis erupted. The economy will grow 2.1 percent in 2019 ...

Bloomberg The German economic upswing is reaching an “increasingly mature state,” according to the Bundesbank. The Frankfurt-based institution lifted its projections for growth in Europe’s largest economy through 2019 and said it expects momentum to remain strong over the coming year, before moderating in the medium term. The Bundesbank sees inflation accelerating to 1.9 percent in 2020, with energy costs ...

Bloomberg A new dissenter on the Bank of Japan board calling for more stimulus has prompted the BOJ to adjust its communications to flag risks of additional eas- ing, according to people familiar with the central bank’s discussions. The change in messaging could explain why some investors wrongly interpreted Governor Haruhiko Kuroda’s recent comments on the “reversal rate” theory as ...