The Governor invited the Committee to vote on the proposition that the repo rate should be maintained at 4.75%. Five members of the Committee (the Governor, Rachel Lomax, Andrew Large, Richard Lambert and Paul Tucker) voted in favour. Four members (Kate Barker, Charles Bean, Stephen Nickell and David Walton) voted against, preferring a reduction in the repo rate of 25 basis points.
Published on
20 July 2005
Minutes of the meeting