Rodríguez Fernández, Francisco


Deposit remuneration in Spain

The ultra-expansionary monetary policy in place until 2021 had the obvious benefit of providing official liquidity at a time when the banks were finding it hard to raise it privately. The disappearance of that official liquidity will foreseeably translate into higher deposit
betas across the eurozone, including in Spain, where the process is already beginning to accelerate, albeit with a lag relative to the eurozone average.

Read More

One year of rate increases: Impact assessment

Monetary policy remains immersed in an intense battle to stem inflation, manifesting itself through a quick succession of interest rate increases and consequently raising eurozone borrowing rates across the board. Credit has already contracted, and the cost of debt has increased, but the duration of the tightening cycle remains unclear as monetary authorities have signalled that their policy approach remains conditional upon the path of inflation.

Read More

Think tank dedicado a la investigación económica y social

C/ Caballero de Gracia, 28 | 28013 Madrid, España
+34 91 596 57 18 |