Banco Santander SA Executive Chairman Ana Botin: A Positive Outlook on the Global Economy’s ‘Super-Soft Landing'”.

Banco Santander SA Executive Chairman Ana Botin expressed optimism about the current state of the global economy, calling it a “super-soft landing” so far. In an interview with Bloomberg TV from Washington, she talked about the positive outlook for the global economy and how higher interest rates, strong employment, and overall growth are benefiting lenders.

Botin mentioned that despite geopolitical risks, the international monetary fund (IMF) has slightly raised its expectations for global economic growth this year. The IMF pointed to the strength in the US and some emerging markets as reasons for this increase. However, Botin also noted that there are persistent inflation and geopolitical risks that could impact the economic outlook.

As central banks prepare to lower interest rates, Botin anticipates terminal rates to be around 3% in Europe and 4% in the US. She believes these rates are favorable for commercial banks like Banco Santander SA. Botin also emphasized that negative interest rates were unsustainable and posed risks to the financial system.

Overall, Botin’s outlook remains positive, highlighting the current strength of the global economy and its benefits to lenders like Banco Santander SA.