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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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Yellen steers the markets


On Wednesday 14 June, the Federal Reserve stayed true to the script by raising interest rates to 1.25%, although there was more to the move than just the rate hike. There are at least three elements from the recent meeting on monetary policy which deserve special mention.

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