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