The Governor invited the Committee to vote on the proposition that:
- Bank Rate should be maintained at 0.5%;
- The Bank of England should finance a further £50 billion of asset purchases by the creation of central bank reserves, implying a total quantity of £125 billion of such asset purchases. The Bank should seek to complete the £125 billion of purchases within the next three months.
The Committee voted unanimously in favour of the proposition.
Minutes of the meeting