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

Investment Weekly

Central banks in ‘wait and see’ mode
21 March 2025

    Chart of the week – Central banks in ‘wait and see’ mode

    Chart of the week – Central banks in ‘wait and see’ mode

    Uncertainty was very much the broad theme of this week’s central bank policy meetings, with an increasingly complex macro reality clouding the outlook. On balance, we think global central banks remain on course to cut rates this year as cooling labour markets allow inflation considerations to give way to shoring up growth that is being damaged by uncertainty. Barring a major shock, this would be a decent backdrop for global risk assets to perform and laggard markets to continue to catch up.

    More from this week:

    Market Spotlight

    • Sustainable thinking

    Lens on…

    • The new uncertainty trade
    • China’s consumer boost
    • India stocks – on sale?

    Download the full report PDF, 553KB