UK absolutely committed to BoE's independence, Sunak says

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak smiles during a visit to the Emma Bridgewater pottery, amid the coronavirus disease (COVID-19) outbreak, in Stoke-on-Trent, Britain, September 14, 2020. Andrew Fox/Pool via REUTERS

LONDON (Reuters) - British finance minister Rishi Sunak said in a letter to the Bank of England chief on Thursday that the government was absolutely committed to the Bank’s operational independence and to a flexible inflation targetting regime.

“The government’s commitment to the Bank of England’s operational independence and our flexible inflation targeting regime, with an operational target of 2% CPI inflation, remains absolute,” Sunak said in the letter to Andrew Bailey.

Reporting by Guy Faulconbridge, editing by Andy Bruce