Consejeros

International Macroeconomics

The ECB will try to agree on a successor before the end of the year, with Pablo Hernández de Cos and Klaas Knot as the best positioned

The Spanish candidate was governor of the Bank of Spain and is currently at the head of the BIS, is of a more “dovish” cut, while the Dutch presided over the Dutch central bank and has more of a "hawkish" reputation.

Más en International Macroeconomics

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  Thursday

  The ECB keeps interest rates at 2.5% and warns: the energy crisis will raise inflation and reduce growth

  International Macroeconomics

  "Financing conditions have tightened since the last Governing Council meeting, which will likely negatively affect inflation and growth," the ECB reiterates

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  Thursday

  Christine Lagarde confirms the rumours and will leave the presidency of the ECB in February 2027

  International Macroeconomics

  Christine Lagarde announced this Thursday that she will leave the presidency of the European Central Bank (ECB) in February, a decision she has already communicated to the members of the Governing Cou...

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  Thursday

  The Fed sticks to the script and keeps rates at 3.75%-4%

  International Macroeconomics

  According to the statement, the Fed is waiting for "more information" and maintains its goal of achieving price stability (2%)

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  Wednesday

  Italy will approve its budget law for 2027 after securing a temporary increase in spending from the EU

  International Macroeconomics

  Italy will finance nearly half of the budgetary measures by invoking the so-called 'national safeguard clause' of the European Union, which grants a temporary and partial exemption from EU fiscal rules.

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  Wednesday

  The Fed will have a "hawkish pause" at today's meeting, although it could raise 25 bps at the meeting on 9 December

  International Macroeconomics

  Flat opening in European markets (Eurostoxx futures -0.2%, S&P 0% and Nasdaq +0.5%), awaiting the Fed meeting (decision at 19:00, Warsh press conference at 19:30), with a huge battery of results i...

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  27 Oct 2026

  The demand for mortgages in Eurozone banks falls by 27% according to the ECB

  International Macroeconomics

  The main factor behind this decline was the increase in interest rates, followed by lower consumer confidence and the deterioration of housing market prospects.

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  23 Oct 2026

  The Surprising Strength of the US Economy

  International Macroeconomics

  The US could grow between 2.5% and 3% this year and next, thanks to the strength of the labour market, the good financial situation of households, and the investment that companies are making in AI. Despite the war with Iran, soaring oil prices, and rising inflation.

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  23 Oct 2026

  Selling pressures in France and Italy may force the ECB into a verbal intervention according to Flossbach von Storch

  International Macroeconomics

  European sovereign bonds remain under significant pressure. This week, the spreads of French OATs against German Bunds at ten years have widened by around 15 basis points, while those of Italian BTPs ...

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  22 Oct 2026

  The ECB assesses the Eurozone's resilience to the energy crisis, but warns of limited fiscal space

  International Macroeconomics

  Renewable energies, reduced dependence on fossil fuels, and the boost from artificial intelligence have enhanced the Eurozone's resilience to the energy crisis, but economists warn that fiscal policy will not be able to cushion future crises with the same intensity.

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  21 Oct 2026

  The public debt of the Eurozone rises to 88.8% of GDP, 14.44 trillion euros

  International Macroeconomics

  Public revenues represented 46.8% of GDP in the second quarter, down from 46.9% in the first, while expenditure increased to 50.1%, up from 50%.

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