Exchange Of Letters Between The Bank Of England Governor And The UK Chancellor Regarding CPI Inflation - December 2023

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.

Letter from the Governor to the ChancellorOpens in a new window

Letter from the Chancellor to the GovernorOpens in a new window