Correspondence

Asset Purchase Facility (APF) ceiling, November 2011

This publication contains letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England on the Asset purchase facility ceiling.

From:
HM Treasury
Published
5 August 2013
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Details

The government published letters exchanged between the Chancellor of the Exchequer and the Governor or the Bank of England that reduce the maximum APF limit for purchases of eligible private sector assets by 拢40 billion to a ceiling of 拢10 billion, financed by the issuance of central bank reserves, Treasury Bills and the DMO鈥檚 cash management operations.

Updates to this page

Published 5 August 2013

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