Source: United Kingdom – Executive Government & Departments 3
Correspondence
Open letters between HM Treasury and Bank of England, June 2025
CPI inflation was 3.5% in April 2025, prompting an open letter from the Governor of the Bank of England to the Chancellor on 19 June 2025. The Chancellor replied to the Governor on 19 June 2025.
Documents
Details
The remit for the Monetary Policy Committee (MPC) requires an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction.
Updates to this page
Published 19 June 2025