The Governor invited members to vote on the proposition that Bank Rate should be increased by 25 basis points to 5.0%. Seven members of the Committee (the Governor, John Gieve, Kate Barker, Charles Bean, Tim Besley, Andrew Sentance and Paul Tucker) voted in favour of the proposition. Rachel Lomax and David Blanchflower voted against, preferring to maintain Bank Rate at 4.75%.
Published on
22 November 2006
Minutes of the meeting