Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

How Central Bank Meetings are impacting Money Market Funds

Find our latest commentary on the rate outlook for US Dollar, Euro and Sterling markets below.


Rate environment outlook

US Dollar: The outcome of July’s FOMC meeting was largely as expected with no changes made to policy rates

  • Learn why we still prefer longer maturity profiles

Euro: The ECB leaves the deposit rate unchanged at 3.75%.

  • All eyes turn to the September meeting where markets have assigned an 60% probability of a further rate cut.

Sterling: The Bank of England (BoE) cut rates for the first time since the global pandemic, with the Base Rate reduced 25bps to 5%.

  • Markets expect another rate cut in November, with a 50% probability of one more by year end

Dollar Market Outlook
Euro Market Outlook
Sterling Market Outlook

Back to top