Correspondence

Monetary policy remit: Spring Budget 2017

The Chancellor’s letter to 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.

Published 8 March 2017