Asset Purchase Facility (APF) ceiling, July 2012
This publication contains letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England on the Asset purchase facility ceiling.
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The government published letters exchanged between the Chancellor of the Exchequer and the Governor or the Bank of England that authorise the MPC to increase the ceiling on the scale of asset purchases through the APF financed by the issuance of central bank reserves.