Financial Policy Committee Record – October 2025

Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.

Overall risk outlook

Global risks remain elevated. This matters for the UK as an open economy

Financial markets

The risk of a sharp market correction has increased

UK households and businesses

Overall, UK households and businesses continue to be resilient

UK bank resilience

The UK banking system is strong enough to support households and businesses, even in a period of stress

Published on 08 October 2025