Regulatory Alerts2026-04-30
Exchange of Letters Between the Governor and the Chancellor Regarding CPI Inflation – April 2026
The Bank of England Governor must issue an open letter to the Chancellor whenever Consumer Price Index inflation deviates by more than one percentage point from its target. The correspondence must clearly explain the causes of the deviation and outline the specific monetary policy actions being implemented to restore price stability. Published on 30 April 2026, this framework ensures transparent accountability and guides market expectations regarding the Bank's inflation management strategy.
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