Correspondence
Monetary policy remit: Autumn Statement 2023
The Chancellor’s letter to the Bank of England setting the remit for the Monetary Policy Committee.
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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.
Published 22 November 2023