SONIA Stakeholder Advisory Group meeting, 25 Sep 2026

The statements

United Kingdom

• Minutes of the SONIA Stakeholder Advisory Group - 25 September 2026 2026-10-15 · central bank · one of several topics in this statement

  The Bank reports the unsecured overnight market remained stable, with daily volumes of around £55 billion and the spread to Bank rate close to 1.9 basis points. Money-market funds had collective inflows of about £15 billion since the start of the year and increased allocation to the overnight tenor.

• Minutes of the SONIA Stakeholder Advisory Group - 25 September 2026 2026-10-15 · central bank · one of several topics in this statement

  The Bank of England and HM Treasury are reviewing the statutory powers used to collect sterling money market information, to keep data coverage sufficient as markets evolve. The Bank may seek data on material activity in group entities if necessary.

• Minutes of the SONIA Stakeholder Advisory Group - 25 September 2026 2026-10-15 · central bank · one of several topics in this statement

  The group discussed the ONS consultation on release times for market-sensitive economic statistics. Participants generally preferred releases after 08:00, though a 09:30 release was seen as relatively late for pricing and trading decisions. Firms were encouraged to respond to the consultation directly.

• Minutes of the SONIA Stakeholder Advisory Group - 25 September 2026 2026-10-15 · central bank · one of several topics in this statement

  The Bank's Market Intelligence team presented developments in listed and OTC SONIA markets. Futures and options volumes were exceptionally high in March, and swap turnover rose sharply during March and April volatility before returning to usual levels. ICE extended trading hours for SONIA and gilt futures from 6 July.