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Minutes of the MPC Meeting held on 4 and 5 June 2003
The MPC voted 6 - 3 to maintain Bank Rate at 3.75%.
Published on
18 June 2003
The Governor invited members to vote on the proposition that the repo rate should be maintained at 3.75%. Six members (the Governor, Mervyn King, Andrew Large, Charlie Bean, Richard Lambert and Paul Tucker) voted in favour. Three members (Kate Barker, Marian Bell and Steve Nickell) voted against, preferring a reduction of 0.25 percentage points.
Minutes of the meeting