Correspondence

Open letters between HM Treasury and Bank of England, September 2020

CPI inflation was 0.2% in August 2020, prompting an open letter from the Governor of the Bank of England to the Chancellor on 17 September 2020. The Chancellor replied to the Governor on 17 September 2020.

• From: HM Treasury and The Rt Hon Rishi Sunak MP
• Published: 17 September 2020
• Last updated: 21 October 2020 — See all updates

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 17/09/2020: HTML

HTML

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 17/09/2020: PDF

PDF, 381 KB, 2 pages

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

HTML

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 17/09/2020: PDF

PDF, 375 KB, 4 pages

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.

As set out in the remit, the open letters are published alongside the minutes of the first MPC meeting that follows the release of the CPI data, or within seven days of the publication of the data if the MPC meeting has already commenced.

Published 17 September 2020
Last updated 21 October 2020 + show all updates

1. 21 October 2020

   Added HTML page for open letter from the Governor of the Bank of England to the Chancellor of the Exchequer.

2. 17 September 2020

   First published.