Correspondence

Open letters between HM Treasury and Bank of England, August 2011

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

CPI inflation in July 2011 was 4.4 per cent, prompting an open letter from the Governor of the Bank of England to the Chancellor on 15 August 2011. The Chancellor replied to the Governor on 16 August 2011.

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 16/08/11

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 15/08/11

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Detail

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.