Correspondence

Asset Purchase Facility (APF) ceiling, February 2022

The Monetary Policy Committee met on 2 February 2022 and voted to begin reducing the stock of assets owned by the Asset Purchase Facility (APF). Following this decision, the Governor and Chancellor jointly agreed that it would be appropriate to reduce the size of APF’s indemnity. This prompted an exchange of letters between the Governor of the Bank of England and the Chancellor on 3 February

• From: HM Treasury and The Rt Hon Rishi Sunak MP
• Published: 3 February 2022

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 03/02/2022

PDF, 84.8 KB, 1 page

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 03/02/2022

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 03/02/2022

PDF, 386 KB, 3 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 03/02/2022

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Details

The letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England agree an approach for decreasing the size of the APF’s indemnity alongside the reduction in the APF’s assets.

Published 3 February 2022