Artículos
Acting under uncertainty: The ECB’s shift toward discretionary monetary policy
Autores:
Jones, Erik
On 11 June 2026, the ECB became the first major central bank to raise policy rates in response to inflation pressures stemming from the war in the Middle East, reversing a cut made one year earlier. The decision reflects a deliberate shift toward discretionary policymaking,…
Spain’s inflation outlook in the wake of the Persian Gulf ceasefire
The ceasefire between the United States and Iran pushed oil and gas prices closer to pre-conflict levels, easing inflationary pressures on the Spanish economy. However, the withdrawal of fuel tax relief and persistently high services inflation mean that overall inflation will normalize more slowly than…
UK-EU relations: Brexit’s old trade-offs in a harsher world
Autores:
Carnicero Urabayen, Carlos
Europe has rediscovered industrial policy. After years in which the phrase itself seemed to belong to another economic era, governments are once again talking about strategic sectors, supply chains, critical technologies, economic security and the need to compete in a much tougher global environment.
La diversificación por segmentos y la vinculación del cliente, factores clave en la rentabilidad de la cartera crediticia
En este trabajo se analiza la evolución de las cuentas de los hogares y de las empresas no financieras en 2025 a partir de las Cuentas no Financieras de los Sectores Institucionales, estadística elaborada por el INE conforme a la metodología y los conceptos de…
Fortaleza financiera de los hogares y debilidad inversora empresarial en España
Autores:
Fernández Sánchez, Mª Jesús
En este trabajo se analiza la evolución de las cuentas de los hogares y de las empresas no financieras en 2025 a partir de las Cuentas no Financieras de los Sectores Institucionales, estadística elaborada por el INE conforme a la metodología y los conceptos de…