We will increase the number of scheduled monetary policy decisions from 7 to 8 per year, starting in 2027.
The Monetary Policy Committee has discussed the upcoming increase in the frequency of Consumers Price Index (CPI) data releases. From next year, CPI data is set to be published on a monthly basis, rather than quarterly. Due to this, the Committee believes it is appropriate to move to 8 scheduled decisions.
To accommodate an 8 decision schedule, the previously announced February 2027 decision date has been moved a week earlier.
While we have set dates out to February 2028, the Monetary Policy Committee can make unscheduled decisions at any time, should financial or economic conditions warrant it, and have done so in the past.
Our Financial Stability Reports will continue to be released twice a year, in May and November.