Correspondence

Monetary policy remit: Budget 2015

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

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

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The Bank of England Act 1998 requires the Treasury to specify at least once every 12 months how price stability is to be defined and the government’s economic policy objectives.

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