The central bank expected high inflation in Spain to further pressure economic outlook in coming quarters after it recently cut its growth forecast for 2023 to 1.4%. Spanish lenders have been increasing their shareholder remuneration through higher pay-outs averaging 40%-60%, share buy-backs or a combination of both. (Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Andrei Khalip) ((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.