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Economy

Economy

When a customer takes money out of an ATM, pays a bill with an app, or sells stocks online, it’s a key moment in their relationship with a bank. That’s why designers (design researchers, service designers, design strategists, UX designers, etc.) are playing a vital role in the digital transformation underway in the banking industry.

Edmund Hillary was the first person to reach the top of Mount Everest in 1953 – a feat that brought him worldwide fame, but also changed his life. His relationship with the mountains was so intense that he once said, “It is not the mountain we conquer, but ourselves.” When asked about his hobbies, Ricardo Forcano (Zaragoza, 1977) answers right away, “the mountain.” It´s probably the best place to order ideas, propose new challenges and work as a team. All those experiences can be applied to the business world, and that’s what Ricardo Forcano is doing as head of the Talent and Culture area of BBVA.

Mario Draghi President of the European Central Bank

As the markets expected, at its June meeting the European Central Bank (ECB) closed the door on further interest-rate cuts and adopted a more neutral stance on risks, although maintaining caution. Despite the fact that the institution has not yet given signs of taking a step to exit the current monetary policy, the ECB Watch report published by BBVA Research suggests that in September it may announce a slowdown in asset purchases starting in 2018.

April 2017 Update. Tensions continued between North Korea and US over the nuclear test programme and the US increased its missile defence system in the area. The Chinese will continue to maintain the statuo quo while the tone of the US escalated but softened thereafter. In the Middle East, the advances of the coalition forces continue and the the ISIS situation deteriorates. The US decided to advance in Raqqa (the ISIS capital) supporting the YPG forces in the combats. Turkey has already protested the decision. Social unrest increased in some Latin American countries, while Asia remained calm. Uncertainties about the future of Europe decreased after Macron’s victory in French elections.

For more information, please visit BBVA Research’s website