The Governor invited members to vote on the proposition that the Bank’s repo rate be maintained at 6.0%. Five members of the Committee (the Governor, Christopher Allsopp, DeAnne Julius, Ian Plenderleith and Sushil Wadhwani) voted for the proposition. David Clementi, Mervyn King, Stephen Nickell and John Vickers voted against, preferring a rise in rates of 25 basis points.
Published on
16 August 2000
Minutes of the meeting