Correspondence

Asset Purchase Facility (APF) ceiling, November 2017

Letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England that authorise an increase in the total size of the APF.

Documents

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 20/11/2017

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

On 20 November 2017, the Governor of the Bank of England requested to raise the limit on purchases that may be undertaken by the Asset Purchase Facility (APF) to ensure that the Term Funding Scheme (TFS) can continue to lend central bank reserves to banks and building societies during a defined drawdown window at rates close to Bank Rate. The Chancellor of the Exchequer authorised the increase in the total size of the APF via an exchange of letters on 20 November 2017.

Published 20 November 2017