29 January 2009

The Bank is today publishing its response to a letter from the Chancellor concerning the Asset Purchase Facility.

The Government announced on 19 January that it was authorising the Bank to purchase a range of high quality assets as part of a package of measures to increase the availability of corporate credit. The Chancellor has today written to the Bank outlining the framework within which the Bank is authorised to set up and operate the facility. The Bank's response is attached to this news release.

Further information about the operation of the Asset Purchase Facility will be published in a Market Notice next week.

Key Resources

	Letter from the Chancellor to the Governor Download PDF (1mb) 29 January 2009
	Letter from the Governor to the Chancellor Download PDF (822k) 29 January 2009