Carlos Castellano
Carlos Castellano

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.

Latest publications

All in all, today's ECB meeting did not provide much new information. As anticipated, no change in interest rates was decided. The focus was on the ECB's tone about the timing of initial rate cuts. The conveyed message was relatively dovish, with Lagarde not ruling out an early cut
At today's monetary policy meeting, the ECB maintained rates at 4% for deposit facility and the main refinancing operations rate at 4.5%, aligning with market expectations.
Today's ECB policy adhered to broader expectations of maintaining the status quo on policy rates and quantitative tightening. After a remarkable streak of 10 consecutive rate hikes, the ECB's decision today to leave the three key ECB interest rates unchanged came as no surprise, in line with our expectations.