Correspondence

Monetary policy remit 2015

The Chancellor’s letter to the Governor of the Bank of England setting the remit for the Monetary Policy Committee.

• From: HM Treasury and The Rt Hon George Osborne
• Published: 14 January 2015

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

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England

PDF, 164 KB, 6 pages

Details

The Bank of England Act (1998) requires the Treasury to specify what price stability is taken to consist of and the government’s economic policy objectives at least once in every period of 12 months beginning on the anniversary of the day the Act came into force.

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

Published 14 January 2015