Correspondence

Open letters between HM Treasury and Bank of England, December 2023

CPI inflation was 4.6% in October 2023, prompting an open letter from the Governor of the Bank of England to the Chancellor on 14 December 2023. The Chancellor replied to the Governor on 14 December 2023.

• From: HM Treasury and The Rt Hon Jeremy Hunt MP
• Published: 14 December 2023

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England

PDF, 71.9 KB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer

PDF, 141 KB, 4 pages

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Details

The remit for the Monetary Policy Committee (MPC) requires an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction.

Published 14 December 2023