Minutes of the MPC Meeting held on 3 and 4 October 2001

The MPC voted 8 - 1 to reduce Bank Rate by 25 basis points to 4.50%.
Published on 17 October 2001

The Governor invited members to vote on the proposition that the Bank’s repo rate should be reduced by 25 basis points to 4.50%. Eight members of the Committee (the Governor, Mervyn King, David Clementi, Christopher Allsopp, Kate Barker, Charles Bean, Stephen Nickell and Ian Plenderleith) voted in favour. Sushil Wadhwani voted against, preferring a reduction in the repo rate of 50 basis points.

PDFMinutes of the meeting


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