Correspondence

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 22/09/2022

Unwinding the Asset Purchase Facility, September 2022

• From: HM Treasury and The Rt Hon Kwasi Kwarteng
• Published: 22 September 2022

This was published under the 2022 Truss Conservative government

Documents

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 22/09/2022

PDF, 119 KB, 3 pages

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 22/09/2022

PDF, 81.9 KB, 2 pages

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Details

The Monetary Policy Committee (MPC) met on 21 September 2022, and voted to reduce the Asset Purchase Facility’s (APF) stock of purchased assets through a programme of gilt sales. Following this decision, an open letter from the Governor of the Bank of England was sent to the Chancellor on 22 September 2022. The Chancellor replied to the Governor on 22 September 2022

Published 22 September 2022