The consumer price index, CPI, stood at the month of August in a -0.8% thus joining the 6 consecutive months of negative data. This figure is an upward variation of about 6 tenths data for July. Thus these six months of negative data, Spain comes into deflation, a fact that occurs when two quarters of data accumulating effects. (more...)

Steel is known about the first reaction of retail banking at the developments in financial markets. VTB 24 turns advance mortgage programs in the regions and tightened requirements for borrowers. Some banks have stopped lending. Bankers explain these measures increase the cost of resources because of the crisis in financial markets and revise rates on all loans at higher levels. (more...)