Correspondence

Open letters between HM Treasury and Bank of England, December 2023

CPI inflation was 4.6% in October 2023, prompting an open letter from the Governor of the Bank of England to the Chancellor on 14 December 2023. The Chancellor replied to the Governor on 14 December 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

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The remit for the Monetary Policy Committee (MPC) requires an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction.

Updates to this page

Published 14 December 2023

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