UK Chancellor and Bank of England Agree to Reduce APF Ceiling

Summary

The Chancellor of the Exchequer and the Governor of the Bank of England jointly agreed to reduce the maximum authorised size of the Asset Purchase Facility (APF), confirmed via a letter exchange on 10 November 2026. The specific new ceiling amount was not disclosed in the source.

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Why it matters by industry

• Finance

  This development is directly relevant to capital markets and banking as it signals a concrete operational change in the UK's monetary policy implementation, affecting the scale of the central bank's asset holdings and market liquidity.