Correspondence

Monetary policy remit: Budget 2021

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

• From: HM Treasury
• Published: 3 March 2021

Documents

Monetary Policy Remit: Budget 2021

Ref: ISBN 978-1-911680-56-7

PDF, 107 KB, 6 pages

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Monetary policy remit: Budget 2021

Ref: ISBN 978-1-911680-56-7

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This is the remit for the Monetary Policy Committee (MPC), which the Chancellor sets out in a letter to the Governor of the Bank of England.

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

Published 3 March 2021