Correspondence

Monetary policy remit: Mansion House 2024

The Chancellor’s letter to the Bank of England setting the remit for the Monetary Policy Committee.

• From: HM Treasury and The Rt Hon Rachel Reeves MP
• Published: 15 November 2024

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Monetary policy remit: Mansion House 2024

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Monetary policy remit: Mansion House 2024

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This is the remit for the Monetary Policy Committee (MPC), which the Chancellor sets out in a letter to the Governor of the Bank of England. The Bank of England Act 1998 requires the Treasury to, at least once in every period of 12 months beginning on 1 June, specify how price stability should be defined and what the economic policy of the government consists of.

Published 15 November 2024