Correspondence

Asset Purchase Facility (APF) ceiling, April 2023

The Chancellor of the Exchequer and the Governor of the Bank of England jointly agreed to reduce the maximum authorised size of the APF. This was confirmed via a letter exchange on 28 April 2023.

• From: HM Treasury and The Rt Hon Jeremy Hunt MP
• Published: 28 April 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 28/04/2023

PDF, 109 KB, 2 pages

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 28/04/2023

PDF, 150 KB, 4 pages

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Details

The letters exchanged between the Chancellor and the Governor agreed to reduce the maximum authorised size of the APF. The decision was in line with an approach agreed in February 2022 where the Chancellor and Governor decided to periodically reduce the maximum authorised size of the APF as the size of the APF falls.

Published 28 April 2023