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Minutes of the MPC Meeting held on 9 and 10 October 2002

The MPC voted 6 - 3 to maintain Bank Rate at 4.0%.

Published on 23 October 2002

The Governor invited members to vote on the proposition that the Bank’s repo rate should be maintained at 4.0%. Six members of the Committee (the Governor, Mervyn King, Andrew Large, Charles Bean, Marian Bell and Paul Tucker) voted in favour. Christopher Allsopp, Kate Barker and Stephen Nickell voted against, preferring a reduction in the repo rate of 25 basis points.