Minutes of the Monetary Policy Committee Meeting held on 7 and 8 October 2009

The MPC at its meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £175 billion.
Published on 21 October 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 6 August meeting, of asset purchases totalling £175 billion financed by the creation of central bank reserves.

The Committee voted unanimously in favour of the proposition.

PDF Minutes of the meeting 

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