Correspondence

Monetary policy remit, 2012

The Chancellor's letter to the Bank of England setting out the government's economic policy.

Document

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 21/03/2012

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Details

The Bank of England Act 1998 requires the Treasury to specify at least once every 12 months how price stability should be defined and what the economic policy of the government consists of.

This is the monetary policy remit, which the Chancellor specifies in a letter to the Governor of the Bank of England.

Published 21 March 2012