Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Monetary Policy > Governor/Chancellor letters on monetary policy
 

Governor/Chancellor letters on monetary policy

Each year the Chancellor of the Exchequer writes a letter to the Governor confirming the inflation target and the Bank’s remit for monetary policy.

If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor explaining why inflation has moved away from target and what action the Bank is taking to bring inflation back to target.  The Chancellor usually responds to the Governor with an open letter of his own.

Open Letters

Remit Letters

Year
Share