Minutes of the MPC Meeting held on 6 and 7 May 1998

The MPC voted 6 - 2 to maintain Bank Rate.
Published on 10 June 1998

The Governor invited members of the Committee to vote on the proposition that the Bank’s repo rate be left unchanged this month. Six members of the Committee (the Governor, David Clementi, Alan Budd, Charles Goodhart, Mervyn King and Ian Plenderleith) voted for the proposition, and two (Willem Buiter and DeAnne Julius) voted against. Willem Buiter preferred an immediate rise in interest rates and DeAnne Julius an immediate cut.

PDFMinutes of the meeting

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