Correspondence

Open letters between HM Treasury and Bank of England, August 2010

CPI inflation in July 2010 remained above 3 per cent, prompting an open letter from the Governor of the Bank of England to the Chancellor on 16 August 2010. The Chancellor replied to the Governor on 17 August 2010.

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 17/08/10

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 16/08/10

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Details

The remit for the Monetary Policy Committee continues to require 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 one percentage point in either direction.

Published 17 August 2010