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