The Governor invited members to vote on the proposition that the Bank’s repo rate should be maintained at 4%. Seven members of the Committee (the Governor, Mervyn King, David Clementi, Kate Barker, Charles Bean, Stephen Nickell and Ian Plenderleith) voted in favour. Christopher Allsopp and Sushil Wadhwani voted against, preferring a reduction in the repo rate of 25 basis points.
Published on
20 February 2002
Minutes of the meeting