Correspondence

Monetary policy remit: Budget 2016

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

• From: HM Treasury and The Rt Hon George Osborne
• Published: 16 March 2016

Documents

Monetary policy remit: Budget 2016

Ref: PU1929

PDF, 172 KB, 6 pages

Details

The Bank of England Act 1998 requires the Treasury to specify at least once every 12 months how price stability is to be defined and the government’s economic policy objectives.

This is the monetary policy remit, which the Chancellor specifies in a letter to the Governor of the Bank of England.

Published 16 March 2016