The Governor invited members to vote on the proposition that the Bank’s repo rate should be maintained at 6.0%. Five members of the Committee (the Governor, Mervyn King, David Clementi, Stephen Nickell and Ian Plenderleith) voted for the proposition. Christopher Allsopp, Charles Bean, DeAnne Julius and Sushil Wadhwani voted against, preferring a reduction in the repo rate of 25 basis points.
Published on
24 January 2001
Minutes of the meeting