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Minutes of the MPC Meeting held on 8 and 9 March 2006
The MPC voted 8-1 to maintain Bank Rate at 4.5%
Published on
22 March 2006
The Governor invited the Committee to vote on the proposition that the repo rate should be maintained at 4.5%. Eight members of the Committee (the Governor, Rachel Lomax, John Gieve, Kate Barker, Charles Bean, Richard Lambert, Paul Tucker and David Walton) voted in favour. Stephen Nickell voted against, preferring a reduction in the repo rate of 25 basis points.
Minutes of the meeting