Spain’s left-wing government proposed tighter regulations on temporary accommodation rentals to increase availability of long-term rentals, but right-wing parties in parliament rejected the plan. This decision hinders the government’s efforts to address the housing shortage issue. The rejection showcases the political divide on housing policies in Spain.
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Lagarde signals ECB rate-cutting ‘nearly concluded’
The European Central Bank (ECB) has reduced borrowing costs by a quarter point to 2% as it approaches the end of its rate-cutting cycle amid uncertainties from Donald Trump's trade war. ECB President Christine Lagarde emphasized the bloc's strong position to handle these uncertainties, while also discussing the potential for her to shorten her term for a role in the World Economic Forum. The ECB lowered its inflation outlook to 2% for this year, with...
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