Minutes of the Mon­et­ary Policy Com­mit­tee meeting of 18-19 August 2025

In ac­cord­ance with the Mon­et­ary Policy Com­mit­tee Rules of Pro­ced­ure, the minutes of the Com­mit­tee's most re­cent meet­ing have been pub­lished on the Bank's web­site. The minutes are pub­lished two weeks after the an­nounce­ment of the Com­mit­tee‘s de­cision.

Below are the minutes of the MPC meeting of 18-19 August 2025. At the meeting, the Committee discussed economic and financial market developments, decisions on the application of the Bank’s monetary policy instruments, and the communication of those decisions on 20 August.

Older MPC minutes can be found here: Mon­et­ary Policy Com­mit­tee.