Correspondence

Asset Purchase Facility (APF) ceiling, June 2020

The Monetary Policy Committee met on 17 June 2020 and agreed that a further easing of monetary policy is warranted which required an increase in the asset purchase facility limit. This prompted an exchange of letters between the Governor of the Bank of England and the Chancellor on 18 June 2020.

This was published under the 2019 to 2022 Johnson Conservative government