Correspondence

Asset Purchase Facility (APF) ceiling, November 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 3 November 2023.

• From: HM Treasury and The Rt Hon Jeremy Hunt MP
• Published: 3 November 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 3/11/2023

PDF, 92.3 KB, 2 pages

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 3/11/2023

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 3/11/2023

PDF, 179 KB, 3 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 3/11/2023

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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 3 November 2023