Minutes of the 25 September 2026 meeting of the Money Markets Committee (MMC) at the Bank of England covered use of the Bank's market-wide repo facilities and the Monetary Policy Committee's September decision on Quantitative Tightening. Members judged money markets to be functioning smoothly with ample liquidity and limited stress despite bond market volatility, and noted rising European Commercial Paper issuance. They welcomed the Financial Policy Committee's proposed leverage ratio changes but said other constraints make near-term balance-sheet impact hard to predict, and they will monitor competition for deposits. On RTGS and CHAPS settlement hours, feedback to the May 2026 consultation broadly favoured extending existing operating hours before adding days, though members flagged practical issues, especially for smaller firms.
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