Correspondence

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

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

CPI inflation in October 2011 rose to 5 per cent, prompting an open letter from the Governor of the Bank of England to the Chancellor on 14 November 2011. The Chancellor replied to the Governor on 15 November 2011.

Documents

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

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 14/11/11

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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.