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Monetary Policy

Monetary Policy Framework
Remit Letters

Remit for the Monetary Policy Committee - letters from the Chancellor to the Governor.

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 (see Inflation letters).

Key Resources

Highlights of The New Inflation Target
speech by the Governor in January 2004
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Speech by the Governor in January 2004
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The New Monetary Policy Framework
Letter from the Chancellor to the Governor dated 6 May 1997
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