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Minutes of the MPC Meeting held on 9 and 10 May 2001
The MPC voted 8 -1 to reduce Bank Rate by 25 basis points to 5.25%.
Published on
23 May 2001
The Governor invited members to vote on the proposition that the Bank’s repo rate should be reduced by 25 basis points to 5.25%. Eight members of the Committee (the Governor, Mervyn King, David Clementi, Christopher Allsopp, Charles Bean, DeAnne Julius, Stephen Nickell and Ian Plenderleith) voted for the proposition. Sushil Wadhwani voted against, preferring a reduction in the repo rate of 50 basis points.
Minutes of the meeting