The Governor invited the Committee to vote on the proposition that:
- Bank Rate should be maintained at 0.5%;
- The Bank of England should maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Eight members of the Committee (the Governor, Charles Bean, Paul Tucker, Spencer Dale, Paul Fisher, David Miles, Adam Posen and Martin Weale) voted in favour of the proposition. Andrew Sentance voted against, preferring an increase in Bank Rate of 25 basis points.
Minutes of the meeting