1.0Asociación Española de Bancahttps://aebanca.es/en/Monetary transmissionrich600338<blockquote class="wp-embedded-content" data-secret="0xLQtaXhlr"><a href="https://aebanca.es/en/actualidad/te-interesa/articulos/monetary-transmission/">Monetary transmission</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://aebanca.es/en/actualidad/te-interesa/articulos/monetary-transmission/embed/#?secret=0xLQtaXhlr" width="600" height="338" title="“Monetary transmission” — Asociación Española de Banca" data-secret="0xLQtaXhlr" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://aebanca.es/wp-content/uploads/2026/01/17-scaled.jpeg25601709Banks play an essential role in ensuring the smooth transmission of monetary policy measures to the economy. They demonstrated this during more than six years of zero interest rates. The ECB recalls the essential role banks play as transmitters of the new financial conditions in a context of a return to normal monetary policy.