The Governor invited members to vote on the proposition that the Bank’s repo rate should be maintained at 4.0%. Seven members of the committee (the Governor, David Clementi, Christopher Allsopp, Kate Barker, Charles Bean, Stephen Nickell and Paul Tucker) voted in favour. Mervyn King voted against, preferring an increase in the repo rate of 25 basis points.
Published on 19 June 2002
// News // Minutes
Minutes of the Wholesale Distribution Steering...
Minutes of the Wholesale Distribution Steering Group - September 2019
// News // News release