The Governor invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25%. Seven members of the Committee (the Governor, Rachel Lomax, John Gieve, Kate Barker, Charles Bean, David Blanchflower and Paul Tucker) voted in favour of the proposition. Tim Besley and Andrew Sentance voted against, preferring an increase in Bank Rate of 25 basis points.
Published on
18 April 2007
Minutes of the meeting