Minutes of the MPC Meeting held on 8 and 9 January 2003

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, Mervyn King, Andrew Large, Kate Barker, Charles Bean, Marian Bell and Paul Tucker) voted in favour. Christopher Allsopp and Stephen Nickell voted against, preferring a reduction in the repo rate of 25 basis points.

Minutes of the meeting