Correspondence

Open letters between HM Treasury and Bank of England - September 2023

CPI inflation was 6.7% in August 2023, prompting an open letter from the Governor of the Bank of England to the Chancellor on 21 September 2023. The Chancellor replied to the Governor on 21 September 2023.

• From: HM Treasury and The Rt Hon Jeremy Hunt MP
• Published: 21 September 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 (21/09/2023)

PDF, 64.8 KB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer (21/09/2023)

PDF, 252 KB, 5 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 21 September 2023