Correspondence

Open letters between HM Treasury and Bank of England, April 2026

CPI inflation was 3.3% in March 2026, prompting an open letter from the Governor of the Bank of England to the Chancellor on 30 April 2026. The Chancellor replied to the Governor on 30 April 2026.

• From: HM Treasury
• Published: 30 April 2026

This was published under the 2024 to 2026 Starmer Labour government

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England (30/04/2026)

PDF, 114 KB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer (30/04/2026)

PDF, 162 KB, 4 pages

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Details

The remit for the Monetary Policy Committee (MPC) requires an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction.

Published 30 April 2026