Correspondence

Monetary policy remit: Budget 2020

The Chancellor’s letter to the Bank of England setting the remit for the Monetary Policy Committee.

• From: HM Treasury and The Rt Hon Rishi Sunak MP
• Published: 11 March 2020

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Monetary Policy Committee remit

PDF, 88.1 KB, 5 pages

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Details

This is the remit for the Monetary Policy Committee (MPC), which the Chancellor sets out in a letter to the Governor of the Bank of England.

The Bank of England Act 1998 requires the Treasury to specify at least once every 12 months how price stability will be defined and the government’s economic policy objectives. The remit for the Monetary Policy Committee will continue to be issued alongside future Budgets.

Published 11 March 2020