The Governor invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.5%. Five members of the Committee (Rachel Lomax, Kate Barker, Charles Bean, David Blanchflower and Paul Tucker) voted in favour of the proposition. The Governor, John Gieve, Tim Besley and Andrew Sentance voted against, preferring an increase in Bank Rate of 25 basis points.
Published on
20 June 2007
Minutes of the meeting