Correspondence

Open letters between HM Treasury and Bank of England, March 2022

CPI inflation was 5.5% in January 2022, prompting an open letter from the Governor of the Bank of England to the Chancellor on 17 March 2022. The Chancellor replied to the Governor on 17 March 2022.

• From: HM Treasury and The Rt Hon Rishi Sunak MP
• Published: 17 March 2022

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England (17/03/2022)

PDF, 2.73 MB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer (17/03/2022)

PDF, 150 KB, 6 pages

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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.

Published 17 March 2022