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5 November 2025 

Money Market Outlook: Our latest for the eurozone, US and UK

We take a closer look at the latest developments in the eurozone, US and UK money markets at a time when instances of tightness are becoming more apparent

Money Market Outlook: Our latest for the eurozone, US and UK

In this bundle

EUR Money Markets: Upward pressure from declining liquidity still gradual
Rates

EUR Money Markets: Upward pressure from declining liquidity still gradual


The ECB looks to have more time before excess reserves reach levels where bigger shifts in banks' behaviour become obvious


Benjamin Schroeder

US Money Markets: Repo tight enough for the Fed to build bills
Rates
United States

US Money Markets: Repo tight enough for the Fed to build bills


We've hit the floor for bank reserves, so they'll be on the rise ahead as the Fed buys bills


Padhraic Garvey, CFA

GBP Money Markets: A funding reshuffle is testing liquidity plumbing
Rates

GBP Money Markets: A funding reshuffle is testing liquidity plumbing


Money markets tightened significant in October, but this should ease this month


Michiel Tukker

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In this bundle
Money Market Outlook: Our latest for the eurozone, US and UK EUR Money Markets: Upward pressure from declining liquidity still gradual US Money Markets: Repo tight enough for the Fed to build bills GBP Money Markets: A funding reshuffle is testing liquidity plumbing

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