Chancellor and Bank of England update on Asset Purchase Facility
UKPulse Money Desk
The Chancellor of the Exchequer and the Governor of the Bank of England have announced updates concerning the Asset Purchase Facility (APF).
- Updates relate to the Asset Purchase Facility (APF).
- The updates were announced through an exchange of letters.
- The letters addressed future Quantitative Tightening (QT) implementation and a new banknote backing strategy.
The Chancellor of the Exchequer and the Governor of the Bank of England have announced updates regarding the Asset Purchase Facility (APF).
These updates were communicated through an exchange of letters between the two officials on 17 September 2026. The correspondence detailed future plans for Quantitative Tightening (QT) and established a new strategy for backing banknotes.