UK Chancellor Of The Exchequer And Governor Of The Bank Of England: Asset Purchase Facility (APF) Ceiling, April 2023

The Chancellor of the Exchequer and the Governor of the Bank of England jointly agreed to reduce the maximum authorised size of the APF. This was confirmed via a letter exchange on 28 April 2023.

Documents

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 28/04/2023

PDF, 109 KB, 2 pages

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 28/04/2023

PDF, 150 KB, 4 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

Details

The letters exchanged between the Chancellor and the Governor agreed to reduce the maximum authorised size of the APF. The decision was in line with an approach agreed in February 2022 where the Chancellor and Governor decided to periodically reduce the maximum authorised size of the APF as the size of the APF falls.