Correspondence
Asset Purchase Facility (APF) ceiling, November 2023
The Chancellor of the Exchequer and the Governor of the Bank of England jointly agreed to reduce the maximum authorised size of the APF. This was confirmed via a letter exchange on 3 November 2023.
This was published under the 2022 to 2024 Sunak Conservative government
Documents
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Details
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.
Updates to this page
Published 3 November 2023