Minutes of the Monetary Policy Committee Meeting held on 9 and 10 June 2010

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 £200 billion.
Published on 23 June 2010

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. 

Seven members of the Committee (the Governor, Charles Bean, Paul Tucker, Spencer Dale, Paul Fisher, David Miles and Adam Posen) voted in favour of the proposition. Andrew Sentance voted against, preferring an increase in Bank Rate of 25 basis points. 

PDF Minutes of the meeting 

 

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