Correspondence

Chancellor’s response to the Monetary Policy Committee’s assessment ‘Monetary policy trade-offs and forward guidance’

This letter contains the Chancellor's response to the Monetary Policy Committee’s assessment ‘Monetary policy trade-offs and forward guidance’.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Chancellor’s response to the Monetary Policy Committee’s assessment ‘Monetary policy trade-offs and forward guidance’

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Details

In the remit for the Monetary Policy Committee set at Budget 2013, the Chancellor requested that the MPC provide in its August 2013 Inflation Report an assessment of the merits of intermediate thresholds - policy commitments conditional on future economic conditions. The Chancellor stated that he would respond to the general approach, confirming whether it is consistent with the remit.

Governor’s letter: Governor’s letter to the Chancellor

MPC’s assessment: Monetary policy trade-offs and forward guidance

August Inflation Report: Inflation Report

Published 7 August 2013