Atomic Digest

HM Treasury Open with the Bank of England, September 2022

Emmanuel Pelumi
HM Treasury Open with the Bank of England, September 2022
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Correspondence

CPI inflation was 10.1% in July 2022, prompting an open letter from the Governor of the Bank of England to the Chancellor on 22 September 2022. The Chancellor replied to the Governor on 22 September 2022.

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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.


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