Correspondence

Asset Purchase Facility (APF) ceiling, May 2025

皇冠体育app 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 13 May 2025.

From:
HM Treasury and 皇冠体育app Rt Hon Rachel Reeves MP
Published
13 May 2025

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England 13 May 2025 (Accessible)

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Letter from the Governor of the Bank of England to the Chancellor of the Exchequer 13 May 2025 (Accessible)

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Details

皇冠体育app letters exchanged between the Chancellor and the Governor agreed to reduce the maximum authorised size of the APF. 皇冠体育app 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.

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Published 13 May 2025

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