Correspondence

Open letters between HM Treasury and Bank of England, February 2012

CPI inflation in January 2012 was 3.6 per cent, prompting an open letter from the Governor of the Bank of England to the Chancellor on 13 February 2012. The Chancellor replied to the Governor on 14 February 2012.

• From: HM Treasury and The Rt Hon George Osborne
• Published: 14 February 2012

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 14/02/12

PDF, 398 KB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 13/02/12

PDF, 112 KB, 3 pages

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Details

The remit for the Monetary Policy Committee continues to require 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 one percentage point in either direction.

Published 14 February 2012