2026-04-02

Minutes of the Money Market Committee Meeting – March 2026

The Bank of England’s Money Markets Committee recalibrated Discount Window Facility pricing to fixed spreads over Bank Rate and confirmed sterling money market resilience amid recent volatility. The Committee also endorsed Prudential Regulation Authority proposals to modernize the liquidity framework and approved an early morning CHAPS settlement extension opening at 01:30 from September 2027. Members noted stable funding conditions, steady unsecured rates, and an optional sending model for pre-06:00 transactions to balance industry benefits with operational burdens.

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