Correspondence

Chancellor鈥檚 response to the Monetary Policy Committee鈥檚 assessment 鈥楳onetary policy trade-offs and forward guidance鈥�

This letter contains the Chancellor's response to the Monetary Policy Committee鈥檚 assessment 鈥楳onetary policy trade-offs and forward guidance鈥�.

From:
HM Treasury and The Rt Hon George Osborne
Published
7 August 2013
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Details

In the remit for the Monetary Policy Committee set at Budget 2013, the Chancellor requested that the MPC provide in its August 2013 Inflation Report an assessment of the merits of intermediate thresholds - policy commitments conditional on future economic conditions. The Chancellor stated that he would respond to the general approach, confirming whether it is consistent with the remit.

Governor鈥檚 letter:

MPC鈥檚 assessment:

August Inflation Report:

Updates to this page

Published 7 August 2013

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