Correspondence
Asset Purchase Facility (APF) ceiling, February 2022
The Monetary Policy Committee met on 2 February 2022 and voted to begin reducing the stock of assets owned by the Asset Purchase Facility (APF). Following this decision, the Governor and Chancellor jointly agreed that it would be appropriate to reduce the size of APF鈥檚 indemnity. This prompted an exchange of letters between the Governor of the Bank of England and the Chancellor on 3 February
This was published under the 2019 to 2022 Johnson Conservative government
Documents
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Details
The letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England agree an approach for decreasing the size of the APF鈥檚 indemnity alongside the reduction in the APF鈥檚 assets.
Updates to this page
Published 3 February 2022