# Penalty letter (notice for non-fulfilment)

- Canonical URL: https://www.gerhardmerk.de/penalty-letter-notice-for-non-fulfilment
- Post ID: 591926
- Modified: 2023-07-25T21:14:33+00:00
- Language: en

## Definition

In the U.K., a letter used to be sent by the finance minister to the governor of the central bank when inflation rose above two percent. In the letter, the central bank had to explain in detail why the inflation target had been exceeded. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1