The decision in brief
The policy rate is left unchanged at 1.75 per cent.
Inflation is still elevated but has begun to fall back.
Economic activity is now on its way to recovery.
Policy rate
1.75%
Applies from 12 November 2025
Decision documentation
- Press release 5 November 2025: Policy rate unchanged at 1.75 per cent
- Monetary Policy Update November 2025
- Monetary policy decision November 2025: Policy rate decision
- Numerical data, Monetary Policy Update November 2025
- Slides from the press conference 5 November 2025
- Voting by the Executive Board on interest rate decisions
Next monetary policy decision?
The next monetary policy meeting will take place on 17 December 2025 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 18 December 2025.
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