Minutes of the Monetary Policy Committee Meeting held on 8 and 9 July 2009

The Governor invited the Committee to vote on the proposition that:

• Bank Rate should be maintained at 0.5%;
• The Bank of England should continue with the programme, as announced following its 7 May meeting, of asset purchases totalling £125 billion financed by the creation of central bank reserves.

The Committee voted unanimously in favour of the proposition. 

Minutes of the meeting