Searcher
Pedro Lomo Menéndez
Pedro Lomo Menéndez
BBVA Research - Economist

Pedro Lomo is a member of the Global Economic Scenarios department at BBVA Research. He has a degree in Economics and Law from the Carlos III University of Madrid, in addition to obtaining a Master's Degree in Economics from the same university.

He is specialized in econometric analysis of panel data, carrying out research studies in relation to the effects of development aid on international trade or how political fragmentation affects the productivity of firms. He is knowledgeable in R and Stata and is passionate about macroeconomics and national and international public affairs.

Latest publications

No major news has come out today as the rate cut was universally expected and the ECB does not want to pre-commit to the path of future cuts. We still expect two further cuts this year, in September and December, if there are no major surprises in the outlook for inflation during the rest of the year.
All in all, while waiting for wage data that underpin the expected slowdown in service prices, the ECB heads to the June meeting leaving the stage set to begin the cycle of cuts, regardless of the Fed's monetary policy steps.
This meeting further supports the expectation of an initial rate cut in June in line with our forecasts. The updated projections match our own. Nevertheless, the ECB needs to verify that core inflation, particularly from services and consequently wages, moderates as expected.