M^0

The MAP (Monetary Adaptation and Policy) committee is proposing to lower the Minter Rate by 25 bps from 3.83% to 3.58%, in step with the Federal Reserve’s policy rate reduction at the FOMC meeting held on October 29, 2025. By adjusting issuance costs in line with prevailing monetary conditions, the proposal ensures that M0 remains synchronized with broader funding markets. The change is intended to maintain competitiveness for minters while supporting predictable and transparent rate-setting that anchors confidence in the system’s monetary framework.