BSM USA polling questions

Balance Sheet Management USA 2025 October 29-30, 2025 Poll results

TABLE OF CONTENTS • How many rate cuts do you predict in the next 12 months?

• What geopolitical or macroeconomic event do you think will have the biggest impact on BSM over the next 12 months?

• How confident are you in your firms financial planning amidst this current geopolitical instability?

• The forward curve currently predicts 4-5 rate cuts over the next 3 years, do you think that interest rates will be…

• How much interest rate impact do you consider in your liquidity stress testing?

• What areas attend your ALCO meetings: (select all that apply)

• What is the greatest obstacle for the BSM team in driving strategic decisions?

• The market is currently pricing 5 Fed rate cuts by the end of next year. Given the current economic

environment, and the Fed’s dual mandate to both control inflation and maximize employment, do you think that is...

How many rate cuts do you predict in the next 12 months?

No Change 55% 1-2 cuts 39% 3-4 cuts 5% An increase 0% Multiple-choice poll

What geopolitical or macroeconomic event do you think will have the biggest impact on BSM over the next 12 months?

Credit cycle

Stablecoin

Digital Assets Tarriff

Taiwan

War

Tariffs and Trump

Tariffs

Trade tariffs

Trump

AI

Tarrif impact hitting

Labor Bank failures

Fed chair appointment

Inflation Tariff s and trade agreements

North American trade agreements Unemployment

Rates

How confident are you in your firms financial planning amidst this current geopolitical instability?

Very confident 36% Confident 23% Somewhat confident 41% Not confident at all 0% Multiple-choice poll

The forward curve currently predicts 4-5 ratecuts over the next 3 years, do you think that interest rates will be…

Within 25 basis points of the implied forward curve 28% Higher than the implied forward curve 53% Lower than the implied forward curve 19%

Multiple-choice poll

How much interest rate impact do you consider in your liquidity stress testing?

Upper rate shock (100 bps or more) 48% Lower rate shock (100 bps or more) 40% We don’t model rate change 12%

Multiple-choice poll

What areas attend your ALCO meetings: (select all that apply) Executive: CEO, CFO, CRO 81% Finance 67% Treasury 96% Line of Business 67% Credit 37% Risk 81% Other 19%

What is the greatest obstacle for the BSM team in driving strategic decisions?

Data or insight gaps 34% Siloed teams and processes 48% Low Exec support & clarity 3% Tech and infrastructure gaps 7% My own team’s ability to tell a compelling story 7% Multiple-choice poll

The market is currently pricing 5 Fed rate cuts by the end of next year. Given the current economic environment, and the Fed’s dual mandate to both control inflation and maximize employment, do you think that is...

Too many 81% Too few 8% Right amount 12% Multiple-choice poll