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Global Financial Markets
Sonsoles Castillo
Lead Economist
Global financial markets, led by Sonsoles Castillo, in coordination with the other research units, both global and national, is dedicated to: monitoring the stresses in the financial markets and identifying their drivers from a cross-country, cross-assets medium-term perspective; analysing capital flows, with a particular focus on emerging markets and risk assets. Coordinating financial forecasts (interest and exchange rates) in an integrated framework with macroeconomic forecasts, the view of central banks and trends in capital flows.

Latest Publications

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Crystal clear

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Amid the growing uncertainty of the global economic scenario, stemming from the potential escalation of tariff increases initiated by the US, the main central banks have launched a crystal-clear message this week: monetary policies are entering a new phase.

Available in Spanish, English