If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor explaining why inflation has moved away from target and what action the Bank is taking to bring inflation back to target.
FTSE Mondo Visione Exchanges Index:
Exchange Of Letters Between The Bank Of England Governor And The Chancellor Regarding CPI Inflation - September 2020
Date 17/09/2020