Correspondence
Asset Purchase Facility (APF) ceiling, March 2020
The Monetary Policy Committee met on 19 March 2020 and agreed to implement a package of monetary policy stimulus measures which required an increase in the asset purchase facility limit. This prompted an exchange of letters between the Governor of the Bank of England and the Chancellor on 19 March 2020.
Documents
Details
The letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England that authorise the MPC to increase the ceiling on the scale of asset purchases through the APF financed by the issuance of central bank reserves.
Published 19 March 2020