Forex Dictionary

BOE Inflation Letter

BOE Inflation Letter

This is scheduled as a 'Tentative' event because the letter is only issued if CPI y/y is above 3.0%. If CPI is not above 3.0% this event will be removed from the calendar immediately following the CPI release. If above, the Tentative mark will be discarded when the exact timing of the letter is known. It gives insight into the future of monetary policy - when CPI y/y moves more than 1% from the mandated target rate of 2%, the BOE Governor is required to write an open letter to the chancellor of the exchequer explaining what is being done to address the situation.