The Governor invited the Committee to vote on the proposition that the repo rate should be maintained at 4.5%. Seven members of the Committee (the Governor, Rachel Lomax, John Gieve, Kate Barker, Charles Bean, Paul Tucker and David Walton) voted in favour. Stephen Nickell voted against, preferring a reduction in the repo rate of 25 basis points.
Published on
19 April 2006
Minutes of the meeting