Correspondence: Asset purchase facility (APF) ceiling, November 2023

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November 3

00:00 2023

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 3/11/2023

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 3/11/2023

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 3/11/2023

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 3/11/2023

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The letters exchanged between the Chancellor and the Governor agreed to reduce the maximum authorised size of the APF. The decision was in line with an approach agreed in February 2022 where the Chancellor and Governor decided to periodically reduce the maximum authorised size of the APF as the size of the APF falls.

Published 3 November 2023

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