Correspondence

Asset purchase facility (APF) ceiling, November 2011

This publication contains letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England on the Asset purchase facility ceiling.

Documents

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 29/11/11

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Detail

The government published letters exchanged between the Chancellor of the Exchequer and the Governor or the Bank of England that reduce the maximum APF limit for purchases of eligible private sector assets by £40 billion to a ceiling of £10 billion, financed by the issuance of central bank reserves, Treasury Bills and the DMO’s cash management operations.