Carlos Castellano joined the Global Economic Scenarios unit at BBVA Research as an economist in 2022, also working in this unit in the 2020-2021 period. He previously worked as a risk model validator at Credit Suisse and a corporate actions analyst at Refinitiv.
He holds a degree in Business Administration and a master's in Finance from Universidad Carlos III (Carlos III University) in Madrid, where he was involved in projects on machine learning and hedge fund strategy models.October 17, 2024
The ECB cut its key interest rates by 25 basis points, as expected, following signals given by Lagarde in September in her speech at the European Parliament, due to lower inflation and weak activity data. We expect another 25 basis point cut in December.
October 16, 2024
The European Central Bank (ECB) can take satisfaction from recent inflation data from the eurozone. Much of the downside surprise has been due to the drop in oil, but there is also some progress in services prices. Coupled with economic weakness, the scenario is a further interest rate cut.
September 12, 2024
today’s ECB meeting did not offer much new information, as widely expected, apart from making the second rate cut this year. With virtually no hints today, this meeting supports our expectation of a very gradual cycle of rate cuts, with one more rate cut in December.
