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